Bank of Baroda opened its first mid-corporate Branch in Kerala at Kochi. The branch was inaugurated by Debadatta Chand, Executive Director in the presence of S. Rengarajan, GM (Head – Mid Corporate Cluster South), and Sreejith Kottarathil, Zonal Head-Ernakulam.
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Bank of Baroda Opened its First Dedicated Mid-Corporate Branch- Key Points
- The key focus of mid corporate branch is to increase corporate book size and income to improve turnaround time (TAT) for corporate proposals and provide enhanced service to corporate customers.
- The branch will cater to mid-corporate, large corporate, and PSU borrowers and provide corporate loans, trade finance, forex, and cash management services.
- The Bank recently reorganized its corporate banking model. The corporate banking vertical has been divided into two units — large corporates and mid-corporates – to effectively serve both customer segments.
- The mid-corporate vertical caters to companies seeking credit facilities of up to Rs. 250 crores, while the large corporate vertical handles business above that.
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