Bank of Baroda (BoB) has received a fairly good response from reputed institutions, including private equity funds, international financial institutions and small finance banks, to its expression of interest for bringing in strategic partner in subsidiary Nainital Bank Ltd (NBL).The public sector bank is planning to divest majority stake and relinquish its control of the subsidiary. BoB holds a 98.57 per cent stake in NBL.Sanjiv Chadha, MD and CEO, BoB, said private equity funds, international financial institutions, and some small finance banks have evinced interest in NBL. “So, there is a variety of interest. But again you don’t expect that any single player would probably pick up…
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PE funds, international FIs and SFBs evince interest in Nainital Bank
