DELHI: Bank of Baroda (BoB) will approach India's central bank, the Reserve Bank of India (RBI), for approval of its plan to form a Malaysian joint venture company with Bank of Maharashtra (BoM) and Oriental Bank of Commerce (OBC).
BoB will be a 40% stakeholder in the joint venture company, and BoM and OBC will hold 30% each, said a report in the financial daily, the Hindu Business Line.
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