Back to Career News

Bank of Baroda to Sell Nainital Bank

January 15, 2018

Bank of Baroda to Sell Nainital Bank

India’s fourth-largest public sector lender, Bank of Baroda (BoB), is planning to sell Nainital Bank Ltd. in an effort towards the improvement of its balance sheet.
Sources said the size of the stake of Nainital Bank that will be sold, depends on the approvals from the RBI.
BoB has 98.6% stake in the Nainital Bank, which has total assets worth Rs. 77 billion with 127 branches across India. The decision of its sale comes in as a part of the BoB’s plan to sell the non-core assets.

Important Links:
Tags:
Finance

Recommended for you ...

Indian Tech Startups Raise $1.6 Billion in Q1 2024, Retail and Fintech Lead Growth
Indian Tech Startups Raise $1.6 Billion in Q1 2024, Retail and Fintech Lead Growth

March 28, 2024

Fintech Experts Advocate for Cohesive Regulatory Framework Amid Rapid Digitalisation of Finance
Fintech Experts Advocate for Cohesive Regulatory Framework Amid Rapid Digitalisation of Finance

March 27, 2024

Indian Payment Aggregators Rush to Obtain International Payment Licences
Indian Payment Aggregators Rush to Obtain International Payment Licences

March 27, 2024

Chat on WhatsApp