Bank of Baroda and BNP Paribas Asset Management have entered into a strategic partnership by combining the strengths of their respective asset management businesses to form 'Baroda BNP Paribas Mutual Fund'. Bank of Baroda will have a 50.1 percent stake in the asset management company (AMC), while BNP Paribas Asset Management will hold the remaining 49.9 percent.
The resulting jointly held AMC will leverage the strengths that each partner has developed, to offer products specifically designed for retail and institutional clients in India.
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.
