12 February 2018

South Africa: Reserve Bank On Withdrawal of Bank of Baroda From South Africa

Photo: allafrica.com
Top: Title image of former public protector Thuli Madonsela's "State of Capture" report. Bottom-left: Atul Gupta and President Jacob Zuma. Bottom-right: Former public protector Thuli Madonsela.
press release

The Bank of Baroda has notified the Office of the Registrar of Banks of its exit from South Africa. The Registrar, which is part of the South African Reserve Bank (SARB), is in discussions with the Bank of Baroda to ensure its orderly withdrawal from South Africa so that no depositor is disadvantaged. At this stage, the SARB has no further comments on the matter.

Issued by: South African Reserve Bank

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