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Bank of Baroda in advanced talks to buy majority stake in CBHFL

12 Dec 2016 Evaluate

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.

Peers
Company Name CMP
State Bank Of India 949.65
PNB 113.90
Bank Of Baroda 234.00
Canara Bank 118.55
Union Bank Of India 172.50
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