• Investment World
• eWorld
• Catalyst
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources

Group Sites

• The Hindu
• Business Line
• The Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

Chennai , Jan 10

AFTER it completes the public issue that is currently on, Bank of Baroda will take up an exercise to review the performance of its subsidiaries with a view to finding out what to do with them.

Bank of Baroda has four subsidiaries - Bobcards, Bob Housing Finance, Bob AMC, and Bob Capital.

While bank officials refused to comment on this, banking industry sources said that some of the subsidiaries may be merged with the bank.

Bank of Baroda had stated earlier that Bob Housing could be merged with the bank once it buys out National Housing Bank's stake in the subsidiary.

The bank officials were also unwilling to comment on the information that BoB is contemplating a life insurance business foray, for which it is in advanced talks with a foreign company for a tie-up.

Sources told Business Line that there could be another Indian bank in the possible three-way joint venture for life insurance.

The exercise of review of performance of subsidiaries will go into aspects like whether there should be a partner for the AMC.

Again, for example, it will examine whether Bob Capital will have to remain a separate company when banks themselves are allowed to get primary dealer licences.

More Stories on : Public Sector Banks | Public Offer

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Fire damage

Copyright © 2006, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line