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Bank of Baroda inks SPA for sale of business of BOBTTL

12 Dec 2019 Evaluate

Bank of Baroda has signed the binding Share Purchase Agreement (SPA) for sale of business of Bank of Baroda (Trinidad & Tobago) (BOBTTL) with Ansa Merchant Bank, subject to approval from host country regulator - Central Bank of Trinidad & Tobago (CBTT).

As a part of rationalization of Bank's international operations, the Bank has approved the sale of business of BOBTTL.

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.

Peers
Company Name CMP
State Bank Of India 952.80
PNB 114.30
Bank Of Baroda 234.55
Canara Bank 119.00
Union Bank Of India 173.00
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