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.