Guwahati: Public sector lender Bank of Baroda (BoB) is going on a major expansion spree across the Northeast region. From just 63 as of March this year, the Vadodara-headquartered bank now has 130 branches in the region, revealed Sonam T Bhutia, DGM, Guwahati region, BoB.
The bank, which got merged with Vijaya Bank and Dena Bank with effect from April 1, 2019, has become the second largest public-sector bank in the country and the third largest in the commercial banking space, Bhutia added.
“However, Northeast being [comprised of] seven states, the presence was very less… After the amalgamation, I think, we can cater to the needs of all the Northeastern people those who are deprived of the banking facilities,” Bhutia said in an exclusive interview with EastMojo at BoB’s regional office in Guwahati, Assam on Wednesday.
Aileen Dekota Diengdoh, DRM-I, asst general manager, BoB, and Madhab Nath, DRM-II, chief manager, BoB, were also present to share the bank’s growth story.
BoB — India’s first three-way merged public sector bank — has just opened its Jorhat regional office and is seeking the opportunity to set up two more such offices in Northeast. “We have just opened a branch in a far-flung area of Tengnoupal district in Manipur. We have a huge responsibility towards the Northeastern state. I being a Northeastern [person] really take pride in heading this Guwahati region. And my heart and mind will always be for the Northeastern people.”
Meanwhile, with an aim to create awareness among people about its banking facilities and to promote financial literacy, Bank of Baroda is also reaching out to people in rural areas. “We approach the people in those areas informing them about the banking facilities and also the pros and cons of the electronic and digital platforms,” Bhutia said.
Apart from providing banking services to the customers, the bank is also helping in creating awareness among the people to prevent frauds, urging people not to disclose their accounts, among other things, he added.
The bank recently celebrated its 112th foundation day, started with a drawing competition for the children of the staff members and others on July 16. BoB also organised a blood donation camp (‘Save Life Drive’) and a bicycle rally (‘Save Environment Drive’) as part of the celebrations on July 17 and 19, respectively.
On July 20, the bank also donated two oxygen suction machines, 2 oxygen concentrators and four wheelchairs to Dr B Borooah Cancer Institute located in Guwahati. “We also distributed food packets to all the cancer patients in the hospital,” Bhutia added.