Bank of Baroda launched 1001 ultra small branches to provide banking services to the people of un-banked villages under the financial inclusion initiative.
The virtual launch of 1001 ultra small branches (USBs) was done by Dr K. C. Chakraborty, Deputy Governor, Reserve Bank of India, in the presence of Mr M. D. Mallya, Chairman and Managing Director, Bank of Baroda, at Varanasi.
On the same day, 551 USBs were inaugurated across Uttar Pradesh and Uttarakhand, said a press release issued by the bank.
BoB plans to open 1,700 USBs in various villages across the country.