Bank of Baroda has planned to open seven new branches in Punjab, Haryana and Himachal Pradesh. SK Goel, deputy general manager, Bank of Baroda and regional head, Chandigarh region comprising Punjab, Himachal, Haryana, Jammu and Chandigarh informed here on Monday that new branches of BoB are coming up at Ropar, Muktsar and Dhuri in Punjab, Saha, Karnal and Pinjore in Haryana and one in Kullu, Himachal Pradesh.
Already Chandigarh region has 102 branches and with addition of seven new branches to its fleet, the number will swell to 109, Goel said. He added that as a part of its foundation day celebrations total 61 new branches are being introduced all over India. Bank of Baroda has more than 3,100 branches in India and 81 branches abroad in 21 countries.
?All the new branches will provide core banking solutions including internet banking, housing loan, automobile loans, education loan, agriculture loans, exporters and finance to medium and small industry etc. ATM cards, credit and debit cards, lockers etc. These branches would also take care of mutual funds and life insurance requirements of customers through its subsidiaries.
He said the bank has crossed gross business of Rs. 4,00,000 crore in the financial year 2009-10 and in Chandigarh region it was more than Rs 8,500 crore. He said the Bank has set a target of Rs 11,000 crore business from this region during 2010-11.