Rohit Patel mentions the bank’s unique Kisan Pakhwada has been one of its kind program to help farmers
Bank of Baroda post-amalgamation has 5459 branches in rural and semi-urban centres out of a total 9481 branches pan-India. The bank has been actively engaged in financing the agriculture sector, which has grown by 7.56% in 2019-20 with total outstanding of ₹ 894.57 billion. The agriculture segment consists of SHGs, gold loan and KCC portfolios and these have registered a yoy growth of 33%, 20.3% and 8% respectively during the financial year.
Rohit Patel, Chief General Manager, Rural & Agri Banking, says the yoy growth in agri segment and gold loan portfolio is highest among peer banks. Further, the bank has shown YTD growth of around 1% in Q1, 2020-21 and outstanding is ₹901.21 billion.
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