Bank of Baroda has signed a memorandum of understanding (MoU) with the Small Industries Development Bank of India (SIDBI) in a bid to enable micro, small and medium enterprises (MSMEs) apply online for one-time restructuring (OTR).
With the new agreement in place, the MSME customers of the public sector bank can now access the web-based portal, ‘Asset Restructuring Module for MSMEs (ARM-MSME)'.
Bank of Baroda is engaged in providing various services, such as personal banking, corporate banking, international banking, small and medium enterprise (SME) banking, rural banking, non-resident Indian (NRI) services and treasury services.
