Be it online merchants on platforms like Flipkart and Amazon, Oyo-affiliated hotel owners or cab owners of taxi aggregators, the state-owned Bank of Baroda has taken a huge lead over others in reaching out to them, thanks to its partnerships with fintech firms. The bank’s ‘Fintech Alliance’ comprises 35-plus partnerships in various segments, including SMEs, large companies, retail lending, wealth management, payments, and more.
₹ 7.2 LAKH CRORE THE BALANCE SHEET SIZE OF BANK OF BARODA “All our partnerships can be put into three main categories – lending, wealth and technology and payments. About 60 per cent of our business is lending, out of which 70-80 per cent is SME lending,” says Akhil Handa, Head, Fintech and New Businesses Initiatives, Bank of Baroda.
One of the bank’s biggest successes has…
