Bank of Baroda Expands Footprint with New Zonal Office in Raipur

Image Source : PSU Connect

Bank of Baroda has inaugurated a new zonal office in Raipur, Chhattisgarh, marking a strategic move to deepen its regional presence and enhance operational efficiency across central India.

Key highlights:

The Raipur zone will oversee 212 branches and four regional offices, with nearly 66% of the network located in rural and semiurban areas.
The office was virtually inaugurated by M Nagaraju, Secretary, Department of Financial Services, alongside senior government and bank officials.

Strategic objectives:

The new facility aims to accelerate credit outreach to farmers, MSMEs, women entrepreneurs, and selfhelp groups.
It will serve as a hub for implementing digital banking services, including the bob World app, and coordinating financial literacy programs.

Operational impact:

The zonal office is expected to improve grievance redressal, customer service, and risk management.
It will support faster execution of banking services and foster localized decisionmaking.

Growth outlook:

Bank of Baroda plans to open 200 branches nationwide in FY26, with Raipur playing a pivotal role in the bank’s decentralization strategy.
The bank posted a net profit of Rs 19,581 crore in FY25, reinforcing its financial strength and capacity for expansion.

Community engagement:

The bank will collaborate with NGOs and local bodies to deliver government schemes and promote inclusive growth.
Investment in local talent and infrastructure is central to its longterm vision for Chhattisgarh.

Sources: Times of India, Tribune India, ThePrint, BusinessWire India