Bank of Baroda to open new 900 branches; recruit 7,500

07 Dec 2010 Evaluate

Bank of Baroda (BoB) plans to open 900 branches across the country by the end of fiscal 2011- 12 and will come up with nine overseas in the next six months. Of the domestic branches, 400 will be opened before March 31, 2011 and the remaining 500 in 2011-12 taking the total number of branches to 4,000. The nine branches abroad in the next six months will come up in Kenya, Botswana, Uganda and UAE.

To manage its expanding operations, the bank is mulling to appoint 7,500 employees in around two years. Recruitment of 4,000 employees will take place before March 31, 2011 and the remaining 3,500 in the next fiscal year. As part of financial inclusion programme, BoB proposes to cover 2,893 villages across the country by March 2012. Of these, 734 villages are located in Gujarat. Under the programme, the bank will provide smart cards to the villagers for executing their banking transactions.

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