Bank Of Baroda invites applications for eight positions in its “digital group”
Bank of Baroda is inviting applications from eligible candidates to fill various positions within its Digital Group.
In April 2022, the Reserve Bank advised banks to establish Digital Banking Units (DBUs). The regulator has required banks to report the digital banking segment as a sub-segment of retail banking as part of their accounting practice.
Under the hiring program for eight positions, Bank of Baroda has one position each for the Head of Merchant Acquisition Business and the Head of Artificial Intelligence.
Also, it has a position for Master Merchant Online Acquiring and Master Merchant Offline Acquiring; Leader of digital partnership – Companies; Responsible for the digital-Fintechs partnership; Lead Robotic Process Automation and Lead-Digital Payment Fraud Prevention.
The Mumbai-based lender is expanding its end-to-end digital journeys to pre-approved two-wheeler loans, car loans, education loans, home loans for pre-approved projects and add-on loans for home loans.
For MSME borrowers, it digitized the renewal process for small MSME loans. Mudra loans up to Rs 10 lakh are processed digitally. In the agriculture segment, it digitally offers gold loans to farmers.
The lender is also working on an end-to-end digital journey for the Kisan credit card in some states having progressive digitization of farmland records.
This involves integration with Agritechs to retrieve land records and perform risk analysis of agricultural data.
The positions for which the bank has launched a call for candidates are of a contractual nature and these will be for a period of five years with annual performance review, according to a notice.