Bank of Baroda on Friday launched 31 new ATMs in Tamil Nadu and Kerala zone as part of its plan to achieve the target of 6,000 ATMs across the country by this financial year.
Addressing a press conference here, Chairman and Managing Director of the bank S S Mundra along with general manager of Tamil Nadu and Kerala zone V Sreedharan said that the bank has made inroads in the south in the last three to four years.
“We will be having 500 ATMs by March 2014 in this zone,” said Mundra.
The bank has changed its business model recently and is focusing more on retail loan, small and medium enterprises and agriculture. “TN has a strong SME presence and the bank is focusing on cluster schemes in the state,” Mundra said.
The bank will be recruiting another 7,000 persons this financial year.
Sreedharan said that the bank is also inaugurating the online payment facility for payment of charges or top-up fund for the benefit of Ennore Port users.