Bank of Baroda (BoB), one of India’s leading public sector banks, has announced the launch of five all-women branches under the motto “By Women, For Women” in the states of Odisha and Jharkhand.
These branches, staffed entirely by women employees, are designed to create a supportive and empowering environment for both the bank’s women employees and women customers.
The newly inaugurated branches are located at Niladri Vihar (Bhubaneswar), Khunta (Cuttack), Irba (Ranchi), Dhanupali (Sambalpur), and Jamshedpur Women’s College (Jamshedpur). Out of the five branches, three are urban branches and two are rural.
Bank of Baroda: Empowering Women
This initiative is part of BoB’s ongoing commitment to empower women, unleashing their true potential and promoting gender parity.
By encouraging women employees to take the lead in managing the overall operations of these branches, it gives them greater opportunities for professional growth and to aspire for higher leadership roles in the bank.
The five all-women branches will welcome all customers, but they will focus more on servicing women customers and fulfilling their unique banking requirements.
The branches will focus on empowering women customers through various tailor-made savings and loan schemes such as the BoB Mahila Shakti Savings Account, BoB Women Power Current Account, Baroda Mahila Swavalamban loan scheme for women entrepreneurs, and the BoB SB Self Help Group.
The branches will also actively promote financial literacy and education through regular events, thereby increasing financial inclusion.
This initiative aims to build an environment, culture, and ecosystem where women can flourish.
Leadership’s Perspective
Speaking on the initiative, Beena Vaheed, Executive Director, Bank of Baroda, said, “With the opening of five all-women branches in Odisha and Jharkhand, we are working towards building an environment, culture, and ecosystem where women can flourish.”
She added, “Our all-women branches reflect Bank of Baroda’s deep commitment to empowering women – both as employees and customers.”
Beena added, “These branches provide our women employees with a platform to aspire, innovate, and excel, while also prioritising and expanding women’s access to financial services.”
“I am excited about the possibilities this will create in building a more inclusive and equitable future for all,” she concluded.
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