Bank of Baroda to introduce mid-corporate branch in Bangalore

17 Jan 2012 Evaluate

Bank of Baroda, third largest state-run lender, is likely to set up-corporate branch in Bangalore and is looking at additional growth potential in the State, as its Karnataka region witnessing a 30% annualized growth with overall business of Rs 8,200 crore. The mid-corporate branch will finance business entities with annual sales turnover of Rs 150-500 crore.

As a part of its business process re-engineering (BPR) project, the bank plans to convert 53 of its 71 branches in Karnataka into ‘Baroda Next' branches. The BPR project will totally change the way business is conducted in branches. With BPR, the bank hopes to offer focused customer service in these branches.

The bank is likely to open about 13 overseas branches in the next six months. Currently, the bank has 87 branches and it plans to take the number of branches to 100 in six months.

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