• About
  • Advertise
  • Privacy & Policy
  • Contact
Kenyan Business Feed
  • Home
  • African
  • News
    • Agribusiness
    • Courts
    • Hospitality
    • Manufacturing
  • Education
  • Health
  • Reports & Analysis
  • World Business
No Result
View All Result
  • Home
  • African
  • News
    • Agribusiness
    • Courts
    • Hospitality
    • Manufacturing
  • Education
  • Health
  • Reports & Analysis
  • World Business
No Result
View All Result
Kenyan Business Feed
No Result
View All Result
Home News

Baroda’s Indian parent merges with rival banks

Kenyan Business Feed by Kenyan Business Feed
Share on FacebookShare on Twitter

[ad_1]

Table of Contents

Toggle
        • Companies
  • Baroda’s Indian parent merges with rival banks
Companies

Baroda’s Indian parent merges with rival banks

Wednesday, May 15, 2019 21:57


By JAMES KARIUKI

Bank of Baroda Kenya
A signage in Nairobi of tier-two lender, Bank of Baroda Kenya. FILE PHOTO | NMG 

The parent company of Kenya’s tier-two lender Bank of Baroda Kenya has merged with two other banks to become the second-largest public sector bank in India.

The Indian government initiated the merger of Bank of Baroda, Vijaya and Dena as part of efforts to clean up the country’s banking sector that has been hit by a surge in bad debt.

The combined entity now has a customer base of 120 million customers served via a 9,500 branch network and 13,000 ATMs.

This means that Kenyan businesses and manufacturers who source for goods and raw materials from India-based companies, can now take advantage of this new development to ease their transactions with their Indian business partners.

The new entity offers businesses a wide array of subsidiaries in 20 countries, giving their customers a one-stop-shop platform to execute their business.

“We are not changing our name but have combined our financial platform into one across the world that will see traders enjoy a one off end-to-end solution to all their financial transactions,” Bank of Baroda Kenya’s managing director Saravanakumar Appavu said.

The bank which has 13 branches in Kenya, five in Nairobi, two in Mombasa, single branches in Nakuru, Thika, Meru, Eldoret, Kakamega and Meru said plans were underway to open two more branches along Muthithi road and within Baba Dogo light industries in Nairobi.

“We have managed to fend off the perception that we are an Asian-only bank as some of our branches serve a higher number of customers from diverse backgrounds,” Mr Appavu told Business Daily.

[ad_2]

Source link


Kenyan Business Feed is the top Kenyan Business Blog. We share news from Kenya and across the region. To contact us with any alert, please email us to [email protected]
Kenyan Business Feed

Kenyan Business Feed

Recommended.

EDITORIAL: We must ensure cities are not left behind

May 23, 2019

JamboPay’s term at City Hall likely to hold in the medium term – Citizentv.co.ke

May 9, 2019

Subscribe.

Trending.

Safaricom’s SIG Forum empowers SMEs with branding insights from 3Verse Kenya, showcasing award-winning campaigns and inclusive business support.

Safaricom’s SIG Forum Empowers SMEs as 3Verse Kenya Shares Award-Winning Branding Strategies

June 23, 2025
Co-op Bank Launches New Financial Solutions to Empower MSMEs in Kenya

Co-op Bank Launches New Financial Solutions to Empower MSMEs in Kenya

June 23, 2025
Tourism CS Rebecca Miano discusses the economic impact and global appeal of the 2025 Safari Rally

Tourism CS Rebecca Miano Reveals Economic Impact of the 2025 Safari Rally

April 1, 2025
PLP and Safaricom Graduate 300 Youth in Push for Digital Talent Development Across Kenya

PLP and Safaricom Graduate 300 Youth to Boost Kenya’s Digital Talent Pipeline

June 23, 2025
Co-operative Bank Subsidiaries

Co-operative Bank Subsidiaries Shine with Strong 2024 Profits

April 2, 2025
Kenyan Business Feed

We focus on news, analysis, and reports about Kenyan business, covering sectors like agriculture, finance, tourism, and technology.

Categories

  • African
  • Agribusiness
  • Courts
  • Education
  • Health
  • Hospitality
  • Manufacturing
  • NetWorths
  • News
  • Reports & Analysis
  • World Business

Popular News

  • First look at the prison where El Chapo may live for the rest of his life

    First look at the prison where El Chapo may live for the rest of his life

    2157 shares
    Share 1040 Tweet 466
  • Sameer Africa CEO Sacked

    1803 shares
    Share 749 Tweet 439

Recent News

Co-op Bank Partners with WorldRemit to Power Seamless Diaspora Transfers in Kenya

Co-op Bank Partners with WorldRemit to Power Seamless Diaspora Transfers in Kenya

June 23, 2025
Co-op Bank Launches New Financial Solutions to Empower MSMEs in Kenya

Co-op Bank Launches New Financial Solutions to Empower MSMEs in Kenya

June 23, 2025
  • Home
  • African
  • News
  • Education
  • Health
  • Reports & Analysis
  • World Business

© 2025 KBF

No Result
View All Result
  • Home
  • African
  • News
    • Agribusiness
    • Courts
    • Hospitality
    • Manufacturing
  • Education
  • Health
  • Reports & Analysis
  • World Business

© 2025 KBF