Bank of Baroda (BoB) is in advanced talks to buy a majority stake in Cent Bank Home Finance (CBHFL), the housing finance subsidiary of Central Bank of India, to strengthen its position in the home loan segment. Central Bank holds 64% stake in CBHFL, while Hudco, UTI and National Housing Bank are the other promoters. Further, BoB has appointed SBI Capital Markets, while Central Bank has engaged a couple of merchant bankers including IDBI Capital as advisors.
Bank of Baroda is a pioneer in various customer centric initiatives in the Indian banking sector. The Bank offers products and services such as deposits, loans, credit & debit cards, demat services, remittances, ECS (electronic clearing services), government business, etc.