BoB receives USD 29.39 mn from Malaysia JV liquidation
BANKBARODA · price
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Bank of Baroda received USD 29,391,204.52 (about Rs 247 crore) from the liquidator as interim distribution from the Member's Voluntary Liquidation of India International Bank Malaysia (IIBMB), a joint venture with Union Bank of India and Indian Overseas Bank where BoB holds a 40 percent stake.
Marginally positive cash inflow from winding up of overseas JV adds to Bank of Baroda's capital buffer, though small relative to overall size.