Bank of Baroda (BoB), one of India’s premier public sector banks, has announced the opening of its newly established Zonal Office in Ludhiana. This is another milestone that demonstrates the Bank’s commitment to growing its network in the region, improving access to banking services, and promoting financial growth.
Shri Debadatta Chand, Managing Director and CEO of Bank of Baroda inaugurated the new Zonal Office building in the presence of senior executives, employees, and valued customers.
Commenting on the inauguration, Shri Debadatta Chand, Managing Director & CEO, Bank of Baroda said, “At Bank of Baroda, our strategy is to expand Banking services to the emerging geographies of our Country with high potential and the opening of the Ludhiana Zone of the Bank is another step forward in that direction with focus on expansion and reach. This new Zonal Office will act as a catalyst to further enhance our services to the population of Punjab, Jammu & Kashmir and Ladakh with more efficiency. It will accelerate delivery of our products and services to remote areas of these States and Union Territories. We have plans to open few more branches this year and next year as we continue to grow in Punjab and Jammu & Kashmir.”
The new office is well-positioned to generate additional growth, particularly in retail banking, the MSME sector, and agriculture, all of which contribute to the local economy. It will also actively connect with Punjab’s large NRI community through customer outreach activities geared to their specific financial needs. To commemorate the anniversary, a number of corporate social responsibility (CSR) activities were organised, including tree planting campaigns as part of BOB Earth’s green initiatives. These measures underscore the Bank’s commitment to sustainability and community development.
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The Bank’s Ludhiana zone includes the state of Punjab as well as two UTs (J&K and Ladakh). Three Regional Offices of the Bank are located in Amritsar, Jalandhar, and Ludhiana, with a total of 188 branches covering 23 districts of Punjab, 6 districts of Jammu & Kashmir, and one of Ladakh.
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