Tuesday, July 20, 2010

BoB will open seven new branches in North

Bank of Baroda (BoB) will be opening seven new branches in Punjab, Haryana and Himachal Pradesh. SK Goel, deputy general manager, Bank of Baroda and regional head, Chandigarh region comprising Punjab, Himachal, Haryana, Jammu and Chandigarh informed that new branches of BoB will be opened at Ropar, Muktsar and Dhuri in Punjab, Saha, Karnal and Pinjore in Haryana and one in Kullu, Himachal Pradesh.

Goel said, in Chandigarh region bank already has 102 branches and with addition of seven new branches to its fleet, the number will swell to 109. He said that bank is celebrating its foundation day so, as part of the celebrations it will be opening 61 new branches all over India. BoB at present has more than, 3,100 branches in India and 81 branches abroad in 21 countries.

“All the new branches will provide core banking solutions including internet banking, housing loan, automobile loans, education loan, agriculture loans, exporters and finance to medium and small industry etc. ATM cards, credit and debit cards, lockers etc. These branches would also take care of mutual funds and life insurance requirements of customers through its subsidiaries”.

He added during the financial year 2009-10 bank did more than Rs 4,00,000 crore business and in Chandigarh region it did business of more than Rs 8,500 crore. He said for 2010-11 financial year bank has set a target of doing a business of Rs 11,000 crore from this region.

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