Manoj Piplani, Managing Director & CEO, Bobcards Limited
Bank of Baroda, India’s leading Public Sector Bank has entered into MOU with M/s Sidhivinayak Agri Processing Pvt. Ltd, Pune, with an objective to finance the farmers, SHGs, JLGs and FPOs through the network of Bank of Baroda branches across the country. Mr. G.B. Bhuyan, Head- Rural Banking (Agri & FI) and CSR preside the function and exchanged MOU with Mr Hemant Gaur Managing Director of M/s Sidhivinayak Agri Processing Pvt. Ltd, Pune. On this occasion Mr. G.B. Bhuyan, Head- Rural Banking (Agri & FI) and CSR said “We have entered Memorandum of Understanding with M/s Sidhivinayak Agri Processing Pvt. Ltd. to work jointly for the upliftment of the farming community. This relationship of Bank of Baroda, one of the premier banks of our country, with M/s Sidhivinayak Agri Processing Pvt. Ltd. will immensely benefit the farmers in increasing their farm income. Narration of the Photograph: Shri G B Bhuyan (Left), Head – Rural Banking (Agriculture& FI) and CSR, Bank of Baroda seen exchanging the agreement with Shri Hemant Gaur (Right), Managing Director, M/s Sidhivinayak Agri Processing Pvt. Ltd, Pune.
Cash Free Zindagi, Bindass Zindagi Bank of Baroda’s Cashless Movement at Dhasai Village
'Demonetization' is the buzzword these days, trending across the whole nation and has engulfed the whole country. Everyone is a part of the grand play in their own way; be it by patiently waiting in long queues, by cutting down expenses or by learning to use cashless mediums or if you are a banker then you are working longer hours. Underlining the vision of digital India and creating a cashless society, Bank of Baroda has taken new and innovative steps by doing something totally off-beat and never heard before. Located in the district of Thane is the Taluka, Murbad which now boasts of a village called Dhasai. What makes the village special is that it plans to go cashless from 0112-2016. In times when people are debating about Demonetization, Bank of Baroda in coordination with local authorities and NGOs have gone
ahead and made an example for all to see. There were initial hurdles of hesitancy among the rural population, but the Bank efficiently cleared their doubts by conducting educative camps in the village for past one week thereby preparing the villagers for going cashless. Bank of Baroda has already provided Point of Sales machines to the local merchants to enable cashless transactions among locals and vendors. Shri Sudhir Mungantiwar, State Cabinet Minister of Finance, Planning, and Forest Departments in the Govt of Maharashtra, Shri Navtej Singh, General Manager, Bank of Baroda, Mumbai Zone, Mr. Jayant Rao, Dy. General Manger, Mumbai Zone and Mr. Sridhar Rao, Dy. General Manager, Mumbai Metro South Region, Mr. Girish Acahrya, Mumbai Metro East Region, were among the dignitaries present at the inauguration and were heartily greeted by the locals. People of the village claimed that all their initial anxiety and doubts about the hassles of going digital have been replaced by enthusiasm and are excited about being a role-model for others to follow and are confident in bringing about increase in their business.
Bank of Baroda appoints Mr. Manoj Piplani as MD & CEO of Bobcards Ltd.
Bank of Baroda is pleased to announce the appointment of Mr. Manoj Piplani as the new Managing Director & CEO of Bobcards Limited, a wholly owned subsidiary of Bank of Baroda for the cards and payments business. Mr. Manoj Piplani is a senior financial services executive with over 20 years of international industry experience. For the last few years, he worked with Barclays Bank in London as Managing Director of UK Cards, steering the Bank’s market leading UK credit cards business and driving its rapid growth and digital transformation. He has also led Global Advanced Analytics Centers for Citibank’s consumer business worldwide and has overseen credit risk for the US Sub-prime division of Capital One. Mr. Piplani holds a Post Graduate Diploma in Management from the Indian Institute of Management, Ahmedabad. On the occasion, Mr. P. S. Jayakumar, Managing Director & CEO of Bank of Baroda who is also the Non-Executive Chairman of Bobcards Ltd remarked “We welcome Mr. Manoj Piplani into our team. Given our thrust to increase cashless payments, we are looking at strengthening our presence in the cards and payments space to provide a seamless digital experience to our customers.” On his appointment, Mr. Piplani stated: “A momentous growth opportunity for cards and digital payments is taking place in India that has no parallels globally. Bank of Baroda is rapidly transforming itself to emerge as a technology and digital leader in banking and is well placed to capitalize on this opportunity. I look forward to partnering with the Group to build Bobcards into a consumer credit and payments leader in this evolving market landscape.” About Bank of Baroda: Bank of Baroda (“The Bank”) established on July 20, 1908 is an Indian state-owned banking and financial services organization, headquartered in Vadodara (earlier known as Baroda), in Gujarat, India. Bank of Baroda is one of India’s largest banks with a strong domestic presence spanning 5,374 branches and 8,975 ATMs supported by self-service channels. The Bank has a significant international presence with a network of 106 branches/ offices subsidiaries, spanning 24 countries. The Bank has wholly owned subsidiaries including BOBCARDS and BOB Capital Markets. Bank of Baroda also has joint ventures for life insurance with IndiaFirst Life Insurance and for asset management with Baroda Pioneer Asset Management. The Bank owns 98.57% in Nainital Bank. The Bank has also sponsored three Regional Rural Banks namely Baroda Uttar Pradesh Gramin Bank, Baroda Rajasthan Gramin Bank and Baroda Gujarat Gramin Bank.