Bank of Baroda to set up mid-corporate branches

“Initiatives such as the Corporate Sales War room and Fee Booster Campaign simplified and speeded up processes within the Corporate Banking vertical, contributing significantly towards the 15% year-on-year (YoY) growth in the overall fee income this year (FY22). 

“Next, the spotlight will be on the growing mid-corporate portion, where the Bank intends to strengthen its operating model, branch organization, and credit decision-making process,” the public sector bank said in its yearly report. 

BoB will also becross-offering of term loan facility to existing Working Capital customers. 

The Bank has begun tapping customers who were availing only term loan facility for opening Cash Credit (CC)/Over Draft (OD) accounts through its dedicated outbound contact centre executives. 

“We have done cross-selling of working capital offices to 307 existing Term loan customers to the tune of ₹162.17 crore,” the report said. 

The Bank has introduced the Center for Agriculture marketing and Processing (CAMP), a centralised centre for processing agriculture loans focusing on non-traditional and high-value Agri advances.