Aspirants banking on experience and domain knowledge of veterans
Besides, the Australian regulator had issued licence to the bank, paving the way for it to open an office there, Bank of Baroda chairman and managing director M D Mallya said.
Expect rate rise pause, amid market expectations to the contrary.
Leading public sector lender Bank of Baroda has been awarded the best bank of 2010, instituted by a business magazine.
Besides, the bank is going to do campus recruitment, he said, adding, 'we are planning to go to reputed institutes like IIMs and IITs'. As many as 200 management students and engineers will be hired during the year, he said. In addition to this, the bank will recruit 250 agriculture officers.
Mallya's comments came a day after country's largest lender, State Bank's Chairman O P Bhatt said that rising levels of stressed assets may push up defaults in the domestic banking system and banks need to enhance their risk management mechanisms to tackle the issue. However, BoB has a comfortable liquidity position and has its NPA levels under control, Mallya said, adding, "the bank has adequate headroom to raise capital but did not have any immediate plans to do so."
The Bank has a total staff strength of over 36,000. The bank had opened 11 new branches abroad and 125 domestically, in 2007-08. At present, it has 74 branches abroad in 25 countries.
Corporate lending has not slowed down. There is no slowdown in manufacturing and services, says M D Mallya.
If there is a morality tale here, it is that debt and death spare no king.
After a gap of about five years, a public sector bank (PSB) has decided to rope in a cricketer to boost its brand.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances