Bank of Baroda plans to double its tech team to 3,000 by FY26, investing in AI platforms and branch expansion.
Bank of Baroda, India's state-owned bank, plans to double its in-house tech team headcount to 3,000 by FY26, through regular hiring and lateral hires of specialists. This move follows RBI's action against banks for technology architecture issues. The bank is investing in AI-based platforms and aims to open 60 new branches in FY24-25, targeting a credit growth of 12-14% in FY25.
June 23, 2024
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