BoB interested in acquisitions: Chairman

State-owned Bank of Baroda today said it will be an "acquirer" as and when the government moves on with bank consolidation.
Geography of the target bank, the product it offers and the cultural fit will be the prime factors it will consider while deciding on such a move, BoB Chairman and Managing Director S S Mundra said.
"Consolidation has been in discussions for quite some time now. And its quite clear to us that if such a move comes, Bank of Baroda would obviously be an acquirer and not one which would be acquired," he said.
He, however, added that though talks are on "there is nothing specific or concrete on the table now."

"We would be keenly watching the market and then take a call," he said, when asked about the budget announcement on this aspect by the Finance Minister.
"There have been some suggestions for consolidation of public sector banks. The government, in principle, agrees to consider these suggestions," the Minister had said.
According to reports, the State Bank of India is expected to kickstart the process by merging one of its associate banks, during this fiscal.