BoB board approves merger with its subsidiary

New Delhi, July 11 (UNI) State-owned Bank of Baroda (BoB) today said its Board of Directors have approved its merger with its wholly-owned susidiary BoB Housing Finance Ltd (BOBHFL).

The scheme of merger of BOBHFL with the bank has been approved by the Board on July 6, 2006, a bank statemnet said here.

However, the merger is subject to further approval and adoption, as may be needed under relevant laws and Reserve Bank of India's directives in this regard.

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