Daijiworld Media Network - Mangalore (SMK)
Pics: Prajwal Ukkuda

Mangalore, May 24: Kanara Chamber of Commerce and Industry (KCCI) felicitated M D Mallya, chairman and managing director of Bank of Baroda on Friday May 23 at KCCI meeting hall.

M D Mally, who hails from the city, expressing his gratitude said that he is very glad to lead Bank of Baroda in its centenary year and expressed his happiness on being honoured in his home town.

Appreciating the uninterrupted profit record of the Bank of Baroda, he added that it is a daunting challenge to lead the bank which has 2,700 branches all over India and 71 offices in 25 countries including 46 branches.

'Bank of Baroda has been responding to the customers' need in admirable way. The Bank has strong hold in western and northern parts of India and in the coming days initiative will be taken to expand its branches in the southern parts of the country,' Mallya said.

Delivering a talk on 'Challenges and Opportunities in SME Banking,' he observed that fragmented market, limited access to technology, poor adaptability as per the recent trends, managerial inadequacy, lack of human resources are the real hurdles of SME banking.

Bank of Baroda within one year has provided Rs 30,000 crore to SME and has recorded a 30 percent increase. 

In South Canara, Bank of Baroda has five branches and there will be more branches in the region in coming days focusing more on SME banking, he informed.

Kumble Narasimha Rao, president of Kanara Chamber of Commerce and Industry, Srinivas S Kamath, G G Mohandas Prabhu, M Ahmed Bava and other office-bearers were present on the ocassion.