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Informist, Friday, Dec. 19, 2025

 

--Bank of Baroda gets $29.39 mln as capital repatriation from JV in Malaysia 

--Bank of Baroda:JV India Intl Bk Malaysia went in for voluntary liquidation 

 

NEW DELHI – Bank of Baroda has received $29.39 million from the voluntary liquidation of India International Bank Malaysia, in which the public sector lender held 40% stake.

 

"...we hereby inform that Bank has received an amount of USD 29,391,204.52 from the liquidator towards the interim distribution of capital repatriation on account of Member's Voluntary Liquidation (MVL) of India International Bank Malaysia (IIBMB), which is a joint venture of three banks namely Bank of Baroda, Union Bank of India and Indian Overseas Bank, in which the share of Bank of Baroda is 40," the bank said in an exchange filing.

 

For the quarter ended September, Bank of Baroda had reported a net profit of INR 48.09 billion on a total income of INR 350.26 billion. On Friday, the bank's shares closed 1.4% higher at INR 292.05 on the National Stock Exchange.  End

 

Reported by Shubham Rana

Edited by Ashish Shirke

 

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