Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Livemint
Livemint
National
Livemint

BoB to benefit from Centre's thrust on infra spending: Chairman

The Bank of Baroda has a positive outlook for 2022-23, the chairman said

"The Government of India has come up with many initiatives for increasing spending on infrastructure projects and other investments to revive the economy. The banking industry of course would be benefited due to increase in the demand for bank credit and Bank of Baroda would be a key beneficiary of these developments," Chairman Hasmukh Adhia said.

The bank has shown that it is adaptable to change and has been able to respond quickly to the evolving macroeconomic conditions, he said, adding it has fine-tuned its operational capabilities and increased its delivery capacity.

BoB has adopted a 'phygital' model by offering the latest products and services using its strong digital platform along with conventional branch banking, Adhia noted.

The major business goals and objectives of the bank are focused on creating a sustainable and profitable business model with a greater customer-friendly approach, adopting latest technological innovations to increase its brand name, he added.

The bank is now on a firm footing in terms of both operational and financial performance. It is well positioned to support the growth aspirations of the Indian economy and fulfil the expectations of all stakeholders, the annual report said.

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.