BoB rejigs corporate banking biz, to open 27 branches for mid-corp entities

After rationalisation, nine Bank of Baroda branches will cater to large corporates while 27 will be for mid-sized corporates

Public sector lender Bank of Baroda (BoB) has reorganised its corporate and institutional credit business by bifurcating activity into two units — large business and mid-corporates.

In view of the increase in demand for credit — working capital and investments — it will open 27 branches for mid-corporate entities with business of up to Rs 250 crore.

These branches would operate under four clusters headed by general managers. Currently, 15 corporate service branches take care of mid as well as large corporates.

After rationalisation, nine branches will cater to large corporates while 27 will be for mid-sized corporates. 

As the