Bank of India has recently inaugurated its new National Banking Group in Bhopal. BOI has created new NBG with an objective to facilitate effective business management, better control over the Zones in Madhya Pradesh State & effective monitoring, efficient management of issues associated with business complexities and overall growth. It was made functional from April 1, 2021.
The new NBG – Madhya Pradesh & Chhattisgarh is with a total of 6 Zones viz Bhopal (97 Branches), Indore (100 Branches), Khandwa (86 Branches), Ujjain (111 Branches), Jabalpur (45 Branches) & Raipur (61 Branches) totaling 500 Branches.
The present business Mix of NBG – Madhya Pradesh & Chhattisgarh is more than Rs. 67,875 crore. The share of Agriculture, MSME and total Retail to total Advances is 43%, and RAM (Retail, Agriculture & MSME) which is priority & thrust area is 76%. Further, this new NBG will also improve BOI’s functioning under the SLBC framework.