Bank of Baroda has executed a Business Transfer Agreement with Bank Dhofar on January 27, 2025 to transfer the Business undertaken by Bank’s Oman branch to Bank Dhofar.
Earlier, the Bank had accorded approval for accepting the offer for acquisition of banking business of Bank’s Oman territory operations by Bank Dhofar on a going concern basis, subject to approval from concerned regulatory authorities.
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.
