Indian Overseas Bank (IOB) has informed BSE that on June 04, 2009, the Bank has entered into a Joint Venture Agreement with Bank of Baroda and Andhra Bank for setting up a banking subsidiary in Malaysia in the name of BIA Bank (Malaysia) Bhd. The shareholding pattern in the subsidiary is Bank of Baroda – 40%, Indian Overseas Bank – 35% and Andhra Bank – 25%
Source: Bseindia.comIOB – Execution of Joint Venture Agreement for Setting Up a Banking Subsidiary in Malaysia
Industry: Banking 2016-04-03
