Bank of Baroda Locates Major Operations at GIFT City

Bank of Baroda has successfully located most of its operational activities at a shared service centre (SSC) at the GIFT City near Ahmedabad. The bank will now offer its services including retail loan processing, deposit account opening, forex and call center from the SSC, which will have a staff strength of 200.

The bank will thus become one of the largest employers in the Ahmedabad-Gandhinagar region. The bank had taken 20,000 sq, ft of office space in GIFT City, making it the first Indian bank to move several key operations to the smart city.
Source- The Hindu Business Line

Static/Current Takeaways Important for NABARD Grade-A Exam 2018-
  • P. S. Jayakumar is the MD and CEO of Bank of Baroda.
  • It headquarters in Vadodara, Gujarat.