Mauritius | Finances

July 28, 2012

Bank of Baroda Opens New Branch at Rose Belle

The Bank of Baroda, which celebrates this year its 50 years of operation in Mauritius, has inaugurated a new branch in Rose Belle, opposite the Area health centre on Wednesday.

This branch not only strengthens the closeness of the bank to its customers but also enables the bank to tap commercial opportunities arising from the transformation of Rose Belle into an emerging business centre. Bank of Baroda is present in 25 countries and has served to build bonds between the residents and commercial partners in India and other countries. Bank of Baroda established itself successfully in Mauritius in October 1962 and the institution had been the first to operate as soon as in 1965 a mobile banking unit, a van which travels to about forty villages throughout the island so as to make banking services available to unbanked rural areas.

The Bank of Baroda has also been among the first to launch a banking unit in the Mauritian offshore sector as from 1990. “This 8th branch of the Bank of Baroda at Rose Belle will target in addition to the corporate market, farmers, traders, SMEs as well as service providers, with a focus on dedicated and personalised banking services to build customer loyalty while caring for their individual financial needs,” Mr Chawla, CEO of Bank of Baroda said during the opening ceremony.

 

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