Bank of Baroda is reportedly planning to sell its offshore subsidiaries in Ghana and Trinidad and Tobago. This disposal is a part of a strategy to rationalize international operations and this is the banks’ first attempt to sell its international units.
The bank has already sent the request for proposal to its 10 empanelled investment bankers. Both the subsidiaries’ total business constitute less than Rs 1,000 crore.
Bank of Baroda is engaged in providing various services, such as personal banking, corporate banking, international banking, small and medium enterprise (SME) banking, rural banking, non-resident Indian (NRI) services and treasury services.
