In view of the increase in demand for credit -working capital and investments - it will open 27 branches for mid-corporate entities with business of up to ₹250 crore.
These branches would operate under four clusters headed by general managers. Currently, 15 corporate service branches take care of mid as well as large corporates.
After rationalisation, nine branches will cater to large corporates while 27 will be for mid-sized corporates.
As the potential for growth exists across the country, the number of branches will be more in the mid-corporate segment. Subrat Kumar, chief general manager and head institutional and corporate credit BoB, said as economic activity picks up and the credit trajectory builds, mid-market is where the maximum growth is expected to come from.
In the mid-corporate segment, the bank plans to strengthen its operating model, branch network and credit decision making.
For business, these branches will focus on infrastructure, especially road projects, as well as chemicals, renewables and real estate.

BoB rejigs corporate lending, will open 27 branches for it

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{{magzter}} is the World's largest and fastest growing self-service, cross-platform digital newsstand with over 87 million users since its inception in 2011 and thousands of magazines and newspapers across 40+ categories and 60+ languages. Headquartered in New York, Magzter has its local presence in Amsterdam, London, Mexico City, Chennai, Mumbai, New Delhi, Bengaluru, Singapore, and will soon be expanding to other countries. Founded by global entrepreneurs, Girish Ramdas and Vijay Radhakrishnan in June 2011, Magzter enables magazine and newspaper publishers around the world to create and deliver digital editions of their titles to global consumers.