Place : Chandigarh
Bank of Baroda (The Bank) established on July 20, 1908 is an Indian state-owned banking and financial
services organization, headquartered in Vadodara (earlier known as Baroda), in Gujarat, India. Bank of
Baroda is one of India's largest banks with a strong domestic presence spanning 8,182 branches and
11,631 ATMs and Cash Recyclers supported by self-service channels. The Bank has a significant
international presence with a network of 95 overseas offices spanning 18 countries.
On 25 th Nov 2021, Mr. Debadatta Chand, Executive Director, Bank of Baroda along with Mr. Subrat
Kumar, Chief General Manager, Bank of Baroda visited Chandigarh Zone. On this occasion, meeting
of Branch Heads of Chandigarh Region was organized in presence of Zonal Head Mr. Vimal Kumar Negi,
Deputy Zonal Head Mr. Suresh Gajendran, Network DGM Mr. Baldev Raj Dhiman. Regional Heads and
Deputy Regional Heads of Seven Regions coming under the jurisdiction of Chandigarh Zone were also
present.
Mr Chand informed that ,in this part of the country, Bank of Baroda is operating via Chandigarh Zone
having 352 branches & 403 ATMs across -3- States & -2- Union Territories. The Bank has got presence in
Punjab, Haryana, Himachal Pradesh along with Chandigarh & Jammu & Kashmir. In a move towards
further enhancement and penetration of Services across the length & breadth of its area of operation,
various new products have been launched along with adoption of various state of art technology led facility.
The Bank is also in line of introducing various area specific schemes for better credit take off.
The Executive Director told that in order to assess the rich economic dynamics of Chandigarh, Punjab and
Haryana, he visited various Corporate Clients and Official at Government Departments. This has given the
Bank a fair idea about the Corporate Client’s need and expectations from the Bank in a way that in the
future the Bank will be able to meet the financial requirements in Government Departments via its state of
art technology driven range of financial products.
Mr. Chand added that the Bank has recently launched a Mobile Banking Application – “BOB WORLD”,
which is fully aligned with GOI’s initiative of Digital India. This facility is one of the best palm banking
service in the country, where in customer can simultaneously Save, Invest, Borrow, & Shop, accessible
24*7. He further informed that , towards Digitalisation, the Bank has also offered its range of products at the
famous Zoological Park –Chattbir Zoo, wherein products like UPI, QR Code, POS & IPG have been given.
While talking to the Media, Mr. Chand informed us, given the demand for Home Loans is on an increasing
trend in the Indian Market, the Bank has brought down the Repo Linked Lending Rate to 6.50%, which is
currently one of the best in the Market. Some Area specific schemes across Punjab and Haryana are being
designed and will soon be introduced for enabling growth across industries viz- Poultry, Iron & Steel and
Textile. Further, tie up with Tractor Agency such as New Holland is also in the line. Further, the Bank has
also tied up with Government of Haryana for E-Kharid solution so that the direct payment to farmers can
take place in a seamless manner. The Bank is also in talks with Punjab State Power Corporation Ltd.
(PSPCL) for Pension accounts.
During the course of Meeting, the Executive Director appraised all the above points to all the participating
Branch Heads and advised them to deepen the customer relation with higher Credit Take off in the ensuing
days of FY21-22. Special care must be bestowed upon for upgradation of Customer Service and in this line
customer centric activities to be done across all the Branches at regular intervals.
At the same time, it was emphasized that due- diligence be adopted at each & every frontier while
providing banking services.