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Bank of Baroda gets nod to divest majority stake in Nainital Bank

14 Dec 2022 Evaluate

Bank of Baroda has received approval from Board of Directors for divestment of its majority shareholding in the Nainital Bank (NBL), and authorized issuance of an advertisement inviting Expressions of Interest (EOI), through a Preliminary Information Memorandum (PIM), from interested parties (IPs). Bank of Baroda currently holds 98.57% of the total equity share capital of NBL. 

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 969.95
PNB 123.15
Bank Of Baroda 239.50
Canara Bank 119.35
Union Bank Of India 186.30
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