Bank of Baroda (BOB) is planning to open 10 new branches and set up 55 automated teller machines (ATMs) in the state of Karnataka. The bank is taking this step in order to strengthen its access and expand its footprint across the state.
The bank at present has a network of 85 branches, 59 ATMs and 13 ultra small branches in Karnataka. The bank as part of financial inclusion also plans to set up new touch-points at potential villages / centers to work as delivery channels.
The bank’s net for the third quarter ended December 31, 2012 slipped by 21.58% at Rs 1011.62 crore as against Rs 1289.85 crore for the quarter ended December 31, 2011. Bank’s total income has increased by 9.80% to Rs 9685.51 crore for the quarter under review from Rs 8821.32 crore for Q3FY12.