Bank of Baroda commences business

Bank of Baroda commences- A view of the Branch.jpgThe first branch of Bank of Baroda has commenced ‘limited’ operations at its premises at 114 Dominion Road in Mt Eden, close to the Central Business District of Auckland City.

Satish Vermani, Managing Director of Bank of Baroda (NZ) Limited, a wholly owned subsidiary of Bank of Baroda, India, said the ‘soft opening’ on June 25 has generated widespread interest among businesses and individuals.

“Our technical and computer experts, who have arrived from India are still testing various systems to ensure trouble-free operations. These include the acceptance of ATM cards issued in New Zealand and worldwide branches of the bank at outlets throughout the country and other banking transactions,” he said.

Ashok Bahadur, a senior officer of the bank will be the Branch Manager.

The bank is planning a formal opening ceremony next month in the presence of Bank of Baroda Chairman & Managing Director Mangalore Devadas Mallya, senior executives and others.

Labour MP Dr Rajen Prasad and Waitakere City Council Chief Executive Vijaya Vaidyanath are among the directors of Bank of Baroda (NZ) Limited.


An interior view of the first branch of Bank of Baroda in Auckland. Picture for Indian Newslink by Bhavnesh Soni

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