Bank of Baroda Receives ₹245 Crore from India International Bank Malaysia Liquidation
Bank of Baroda has received an interim distribution of capital repatriation amounting to USD 29,391,204.52 from the liquidator of India International Bank Malaysia (IIBMB). IIBMB is a joint venture i...
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Why is Bank of Baroda in the news today?
Bank of Baroda (BANKBARODA) is in the news due to the receipt of capital repatriation funds from a joint venture's liquidation is a positive financial event for the bank.
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Bank of Baroda Receives ₹245 Crore from India International Bank Malaysia Liquidation
December 19, 2025, 02:43 PM
Bank of Baroda has received an interim distribution of capital repatriation amounting to USD 29,391,204.52 from the liquidator of India International Bank Malaysia (IIBMB).
IIBMB is a joint venture involving Bank of Baroda, Union Bank of India, and Indian Overseas Bank, with Bank of Baroda holding a 40% stake. This distribution is part of the Member's Voluntary Liquidation (MVL) process of IIBMB.
The received amount, approximately ₹245 crore (USD 29,391,204.52), represents Bank of Baroda's share from the liquidation proceedings.
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