India: Bank of Baroda may sell Nainital Bank to bolster capital

India: Bank of Baroda may sell Nainital Bank to bolster capital

A man walks past the Bank of Baroda headquarters in Mumbai, India, May 3, 2016. REUTERS/Danish Siddiqui/File Photo

Bank of Baroda, India’s third-largest state-run lender, is seeking to sell unit Nainital Bank as it sheds non-core assets to bolster its balance sheet, people familiar with the matter said.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter