Tuesday, 25 April, 2023

Global PE Firms and Local Investors Eye Stake in BoB's Credit Card Arm

Several large global private equity firms and local investors are reportedly eyeing a stake in the credit card arm of Bank of Baroda (BoB), one of India's largest public sector banks. BoB is said to be considering divesting a portion of its stake in the credit card unit to raise capital and reduce its exposure to the credit card business. The move is part of the bank's broader strategy to streamline its operations and focus on core banking activities.