Bank of Baroda plans to expand branch network in Karnataka

Bank of Baroda, which has 80 branches in Karnataka, will open another 20 by March-end, according to an executive. M. D. Mallya, Chairman and Managing Director of the bank, said with the opening of the new branches, the total number will cross 100 in Karnataka.

Added to this, the bank has 33 onsite ATMs and 19 offsite ATMs in the State.

Financial inclusion

In its financial inclusion efforts, the bank has engaged 13 business correspondents in the villages allocated to it in Karnataka.

He said the bank sees Karnataka as a potential industrial and trading region, that can attract substantial inflow of funds and create opportunities for speedy growth.

The credit processing and delivery systems of the bank have been centralised with retail and SME loan factories. These loan factories that operate on assembly line principle are well geared up to serve customers more efficiently and quickly.

He said the customer services, after-sale services and wealth management services have been put on the fast-track by linking them to dedicated city sales and city back offices managed by specially trained employees.

Advisory services

The bank has been co-ordinating with State-level bankers committee, State enterprises, corporate sector, industrial parks and infrastructure units to offer specialised funding and advisory services, he said.

The bank opened its 81st branch in Karnataka, the ninth branch in Mangalore region on Saturday.

M. M. Reddy, General Manager (Karnataka and Andhra Pradesh zone), and J. Ganesh Kumar, Deputy General Manager, Regional Office (Karnataka), were present on the occasion.

vinayak.aj@thehindu.co.in