Bank On Synergistic Gains With Bank Of Baroda
Dalal Street Investment Journal|January 21, 2019

Bank of Baroda (BoB) is an Indian international banking and financial services company engaged in personal banking, corporate banking, international banking, small and medium enterprise (SME) banking, rural banking, NRI services and treasury services.

Bank On Synergistic Gains With Bank Of Baroda

Macroeconomic scenario

In FY18, the Indian economy experienced structural reforms that led to growth in the formal economy and created new opportunities for long-term sustainable growth. The economy is being formalised on the back of GST implementation, Aadhar, Direct Benefit Transfer (DBT) and digitisation. The government infused a massive sum of 2.11 lakh crore into the public sector banks (PSBs) to tackle the issue of non-performing loans (NPLs) and ease the lending constraints in order to promote growth. The Insolvency and Bankruptcy Code (IBC) also assisted with confronting the issues of NPLs and stressed assets. India jumped 30 places in ranking on 'ease of doing business' in the World Bank’s report 2018. For the first time in 14 years, Moody’s raised the sovereign rating of India.

Process revamping

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