Dubai: Bank of Baroda India’s largest nationalized bank has entered in to a tie-up arrangement with UAE exchange for “Baroda Flash Remit” for real time instant credit INR remittance facility to their customers.
Mr. Ranjan Dhawan Managing Director and CEO Bank of Baroda and Dr. B.R. Shetty signed the agreement in the presence of Mr. L.M. Asthana and Mr. Y.Sudhir Kumar Shetty who jointly inaugurated “Baroda Flash Remit product” in UAE.
Mr. Ranjan Dhawan, Managing Director & CEO, Bank of Baroda, said, “Bank of Baroda is proud to join hands with UAE Exchange for introducing this innovative technology to transfer money to India at lightning speed. I am sure the new arrangement will further strengthen the relationship with both the organization, which share a similar passion for customer service and derive the enthusiasm from same values.”
On the occasion, Dr. B.R. Shetty, MD and CEO, UAE exchange said, “We have always explored the possibilities of bringing the best to customers. Toward this, we have joined hands with Bank of Baroda to offer “Baroda FLASH remit”, our instant bank account credit service. We have a long relationship with Bank of Baroda. I am sure that this special tie up will further tighten the bond of relationship between these two organizations”.
Bank of Baroda separately arranged a customer meet and around 700 customers attended the program. H.E. Consul General of India, Mr. Anurag Bhushan Chief Guest of the event complemented Bank of Baroda for significant contribution in increasing bilateral trade relationship between these two great nations, however H.E proposed for setting of an umbrella to support prospective investors either of the country exploring opportunities for investments. It will help them to locate the opportunity available and smoothly finish the processes for setting up their units.
Mr. Dhawan, MD & CEO Bank of Baroda dedicated “BOB Exclusive service lounge” for HNIs customers in Bur Dubai Branch to provide priority services to HNI clients of the bank for their day-to-day operations. The bank will extend the same services in other branches soon; further, he informed to audience that Bank has started Regional Back office services to provide back-end support and assist thebranches,while onboarding any new customer with the bank. The services of RBO will help the branches to proper scrutiny the accounts from compliance angle before opening the account. Further, it will help the branches to utilize their frontline staff exclusively for marketing & services purposes.
He said: “We feel that we have all the services that any other global bank offers in the Middle East, except two gaps — mobile banking and credit cards. We will launch mobile banking and credit card services in the UAE and the region within the next two to three months.”
