Page 27 - Banking Finance September 2019

PRESS RELEASE

Bank of Baroda initiates bottoms-up consultative process to

reinforce alignment with national agenda

facing the banking sector were discussed during
the meet with a view to suggest reforms in
public sector banks (PSBs). The meet also
reviewed the Bank’s performance and its
alignment with national priorities in the areas
such as credit support for economic growth,
infrastructure / industry, farm sector and blue
economy, Jal Shakti, MSME sector and Mudra
loans, education loans, export credit, green
economy, Swachh Bharat, financial inclusion and
women empowerment, direct benefit transfers,
less cash / digital economy, ease of living,
alignment with local priorities and corporate
social responsibility.
As a result of the initiative, a number of
Bank of Baroda, India’s second largest public sector lender, implementable and innovative suggestions have been
had initiated a unique consultation where all branches in arrived on how PSBs in general and our bank in particular,
Kolkata Metro Region and Greater Kolkata Region reviewed
their performances, deliberated on issues before
the banking sector and ideated on future
strategy.

The consultative process of Kolkata Metro
Region was conducted by Sri Gobinda Biswas,
Regional Head and Senior Executive Sri Biswarup
Das, General Manager - Chief Coordination (East)
from Kolkata guided and supervised the
proceedings.
The consultative process of Greater Kolkata
Region was conducted by Sri Tushar Ranjan
Parida, Regional Head and Senior Executive Sri
Joydeep Dutta Roy, - General Manager &
Head (Strategic HR & HR Integration) from
Corporate office Mumbai guided and supervised the
proceedings. may improve their performance. The consultations for
generation of ideas was conducted in a bottoms-up process,
The consultations were held over a period of two days from which will be further discussed at the SLBC / state level and
August 17-18.
final consultations will be held at the national level, to
The initiative was driven to seek ways and means available compare both, intra and inter-bank performances, for way
to increase credit to various sectors of the economy, ahead implementation across PSBs.
enhance use of technology to bring about innovation and The consultative process has resulted in a renewed sense
enable big data analytics and make banking citizen-centric of involvement and purpose down to the branch level and
as well as more responsive to the needs and aspirations of the Bank is geared towards implementing the roadmap for
senior citizens, farmers, small industrialists, entrepreneurs, the future, improve its performance and align itself to
youth, students and women.
national priorities so that it may fulfil its mandate of
Thematic papers by domain experts on various challenges partnering the Indian growth story.

BANKING FINANCE | SEPTEMBER | 2019 | 27