Bank Of Baroda Madhya Pradesh IFSC code, MICR code, Address
Bank Of Baroda branch details in Madhya Pradesh
Last Updated 20th Mar 2017
Bank Of Baroda has 188 branches in Madhya Pradesh spread over 48 districts of Anooppur, Ashoknagar, Balaghat, Barwani, Betul, Bhind, Bhopal, Burhanpur, Chhattarpur, Chhindwara, Damoh, Datia, Dewas, Dhar, Dindori, Guna, Gwalior, Harda, Hoshangabad, Indore, Jabalpur, Jhabua, Katni, Khandwa, Khargone, Mandla, Mandsaur, Morena, Narsinghpur, Neemuch, Panna, Raisen, Rajgarh, Ratlam, Rewa, Sagar, Satna, Sehore, Seoni, Shahdol, Shajapur, Sheopur, Shivpuri, Sidhi, Singrauli, Tikamgarh, Ujjain, Umaria, Vidisha, West Nimar.
Indore district, with 27 branches has the largest number of Bank Of Baroda branches in Madhya Pradesh followed by Bhopal district with 20 branches and Jhabua district with 11.
District wise distribution of Bank Of Baroda branches in Madhya Pradesh is as below. To find branch address, phone, IFSC code, MICR code of the branch that you are looking for, click on the district where the branch is located.
Bank of Baroda has announced the launch of fellowship program in a move to promote and support fintech startups. The program is aimed at providing an opportunity to the startup owners to gain experience of banking and financial sector services. Under the program, BoB will allow the executives of the selected start-up firms to use banking infrastructure to develop and finalise their business ideas. The bank will accept applications for the program till 20th March, 2017.
Bank of Baroda is planning to put in place a 2000 dedicated and strong sales force to push its retail loans. The existing retail loan portfolio of the bank stands at 19 percent of its total domestic advances. The bank intends to focus on select centres in metros at the initial stage, gradually expanding to other centres.
Bank of Baroda has reported net profit of Rs. 253 crore during third quarter of FY17 against a loss of Rs. 3,342 crore during the same quarter of FY16. The increase in profits is contributed by a healthy growth of 15.85 percent in net interest income at Rs. 3,134 crore during the quarter as compared to Rs. 2,705 crore a year ago.
Banks have introduced risk based pricing for new home loan borrowers. Banks will now consider CIBIL Score of the borrowers to offer the best home loan interest rate. Bank of Baroda has become the first bank to introduce CIBIL score based pricing to its home loan borrowers. Borrowers with a CIBIL score of above 760 are eligible to get home loan at rate of 8.35 percent, while those with a CIBIL Score of below 724 will have to pay an interest rate of 9.35 percent.
Bank of Baroda has reduced its home loan interest rate by 70 basis points. The revised home loan rate for loan amount up to Rs. 50 lakhs now stands at 8.35 percent as compared to 9.05 percent earlier. The rates are effective from 7th January, 2017.
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