Mumbai, Sep 6 (IANS) Bank of India, the country’s fifth-largest public sector lender, said Monday it would set up a wholly-owned subsidiary for sales, marketing and IT solution and support services.
The bank’s board of directors has granted in-principle approval to form a wholly owned subsidiary, Bank of India said in a statement to the Bombay Stock Exchange.
The proposed firm will engage in marketing and sales of products, developments of IT solutions and services, support project implementation, training and skill development and other similar activities, it said.
