Bank of Baroda is looking at 23 to 25% growth

By | August 10, 2011

A recent press report said that Bank of Baroda (BoB) is looking at a 23 to 25 percent rate of growth, higher than the industry average of 20 percent.

Mr. M. D. Mallya, Chairman and Managing Director, BOB said that the bank has registered 25 percent growth in the first quarter of the current year and is maintaining the growth momentum during the second quarter.
Reports said that Bank of Baroda was sure to achieve 23 to 25 percent growth in its performance. Mr. Mallya said that the bank, has 3,600 branches across the country, and is planning to touch the 4,000 mark by the turn of the current fiscal. The bank has also proposed to open 35 branches in Tamil Nadu, taking the total number to 175 by March 2012.

To a question on overall performance of the industry, Mallya said all banks are likely to perform well during this year, particularly with monsoon being pretty good.
Reports said that the bank had has planned to set up its pan-India call centre in Lucknow to cater to various customer demands and services. It is well-known for its loan such as home loan, personal loan, vehicle loan, educational loan etc.

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About Pradeep Yuvaraj

Pradeep Yuvaraj is a Co-Founder and Director at Finerva Financial Solutions Private Limited, a financial education company focused on personal finance education. He has penned over 250 articles relating to Personal Finance and clocked over 500 hours of educating individuals on managing personal finance. He is a serial entrepreneur and has been associated with 7 Start-ups. His entrepreneurial experience spans industries as varied as Education, Gas Engineering, Automobile Design, Software development and more recently a Pure play presentation design company. Prior to turning entrepreneur in 2005, he has worked for 3 of the top ten companies of the world - Shell, ExxonMobil and Total SA. This experience included handling Branch Operations, Channel Sales and Business Development across 5 states over a period of 8 years. He holds an MBA from Symbiosis and an Electronics Engineering Degree from the University of Pune.

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