BoB to open 27 branches for mid- corporate entities

Bank of Baroda

Public sector lender Bank of Baroda (BoB) will reportedly open 27 branches for mid-corporate entities with business of up to Rs 250 crore.

The branches will focus on infrastructure with emphasis on road projects, real estate, chemicals and renewables.

The bank has reorganised its corporate and institutional credit business. It has bifurcated the corporate banking business into two units — large business and mid-corporates.

According to the report, nine branches will be dedicated to large corporates while 27 will be for mid-sized corporates.

Also Read | https://bfsi.eletsonline.com/bank-of-baroda-cuts-interest-rate-on-car-loans-to-7/

Moreover, the bank is also planning to strengthen its operating model, branch network and credit decision-making in the mid-corporate segment.

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