Saturday, 19 August 2017

Bank of Baroda to set up two subsidiaries for loan processing

Bank of Baroda is setting up two subsidiaries aimed at reducing the time of loan processing.
The subsidiaries will be:
(1) Baroda Global Shared Services - this unit has been setup in Ahmedabad's GIFT city to undertake credit appraisal activities across the nation. Joginder Rana has been appointed CEO of this unit.
(2) A data analytic unit - The bank is still to decide on the name of this unit and is also looking for a CEO to head this unit. This unit will be mining data and will be reaching out to customers will offers of "pre-approved loans".

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