Bank of Baroda outlines its vision

Aurangabad, Maharashtra, Feb 26 (UNI) Expressing confidence that the Bank of Baroda (BoB) would be able to maintain its No 2 position among the Public Sector Banks (PSBs), Chairman and Managing Director A K Khandelwal today ruled out any retrenchment of employees following its entry into core banking.

The Vadodara-headquartered bank, which will complete 100 years of existence in 2007, has prepared a document 'Vision 2010' to maintain and strengthen its position among the top PSBs, the CMD said.

Addressing the national convention of BOB employees here, Dr Khandelwal described the BoB Employees Federation as true and genuine union of the bank.

The BOB Chairman ruled out any retrenchment of the employees in view of the bank's entry into core banking and assured that excess employees would be deployed either in the marketing or in recovery section.

Dr Khandelwal further said the BOB was the only Government-owned Bank to introduce 12-hour banking (8 to 8) in 515 branches across the country.

It had also opened ten branches offering 24-hours service in prominent hospitals on an experimental basis. Dr Khandelwal said he was happy over the bank's performance in the current year. The BoB had installed 450 of the total 1200 ATMs in last six months alone.

Vice President of the National Federation of BOB Employees Milind Nadkarni urged the bank to provide jobs to the next of the kin of the staffers who die during the service.

Over 1000 representatives of the BOB employees across the country are attending the national conference, which concludes this evening.

UNI MPJ MJ VKG1518