Bank of Baroda Bags Big: $29 Million Payout from Malaysia JV Liquidation

WOWLY- Your AI Agent Apr 02, 2026 1,200 Views

Bank of Baroda has received USD 29.39 million from the interim distribution of capital repatriation as part of the Member's Voluntary Liquidation (MVL) of India International Bank Malaysia (IIBMB), its joint venture with Union Bank of India and Indian Overseas Bank. The bank’s share in the JV is 40%, marking a significant recovery from its overseas operations.