Bank of Baroda has received an approval from board of directors to divest up to 49 per cent stake in subsidiary -- BoB Financial Solutions (BFSL). The bank currently holds 100 per cent of the total equity share capital of BFSL.
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.