Bank of Baroda: Permanent work from home to start in Bank of Baroda? Policy will be ready soon

Bank of Baroda: ‘Necessity is the mother of invention’ In the Corona era, companies from all over the world have started looking at work from home culture like New Normal, and have taken steps to bring it into their working culture.

New Delhi: Bank of Baroda: ‘Necessity is the mother of invention’ In the Corona era, companies from all over the world have started looking at work from home culture like New Normal, and have taken steps to bring it into their working culture. In India too, companies are busy weighing the way of adopting work from home and weighing its utility.

BoB will have permanent work from home!
Bank of Baroda news in India is working on a new permanent policy to give its employees the option of work from home. If this rule is applicable in this public sector bank, Bank of Baroda will be the first bank to do so.

Appointed to McKinsey & Company

Bank of Baroda has given the responsibility of this work to the management consultancy firm McKinsey & Company (McKinsey & Company). Sanjeev Chaddha, MD and CEO of BoB of Bank of Baroda, stating the terms of reference for the appointment of the consultancy firm, said there was a directive as to how the bank could work further after the epidemic in a changed world. There was talk of giving advice about this.

Work on policy for work from home
According to the news published in Time of India, Sanjeev Chaddha, MD and CEO of BoB says that if our employees work from home, where they come to office for a day or two, then how can we implement it. How can we make better use of staff resources? How they can provide flexibility. We are considering making a policy regarding this.

BoB results in third quarter
BoB MD and CEO Sanjeev Chadha was talking about the bank’s strategy while announcing the third quarter financial results. Bank of Baroda on Wednesday achieved a net profit of Rs 1,061 crore for the quarter ended December 2020, compared to a loss of Rs 1,407 crore in the same period last year.

The bank will focus on the customer’s touchpoint or outlet
He said that the number of customers coming to the branch had reduced and it has become one of the habits of the people. He says that the bank should be prepared for a world where customers do not come to the branch and instead focus on the customer’s touchpoint or outlet. The number of branches of the bank is 25,000.