Bank of Baroda (BoB) is capable of facilitating trade and finance matters between India and Trinidad and Tobago, according to NS Srinath, executive director of BoB, Corporate Centre, and chairman of its local operations in Trinidad and Tobago. Srinath said that BoB stands ready to support the various bilateral agreements and MOUs signed between both countries, during the recent visit of Prime Minister Kamla Persad-Bissessar to India. Srinath came here earlier this week to attend the Board's annual meeting, which was held in Tobago.
Executives of BoB Corporate Centre in Mumbai met with the delegation led by Prime Minister Kamla Persad-Bissessar and had a "very fruitful discussion." Srinath said that BoB has plans to further strengthen and deepen their presence in T&T with new products and services. "There is a great deal of economic and trade matters, which could be of benefit to both countries in the aftermath of the Prime Minister's visit," he said.
Srinath said that BoB maintains high ethical standards in its business operations and this pattern of service is maintained in Trinidad and Tobago. In its five years here, BoB's three branches in Port-of-Spain, Chaguanas and San Fernando have been progressing satisfactorily. "We continue to build our base and we have been experiencing growth. In 2010-11, BoBTT registered growth of 85 per cent. We have business-friendly lending schemes and a strong desire to help trade and industry in order to boost the economy of the country," Srinath said.
According to Srinath, BoB is an international bank owned by the Government of India with 103 years of experience and has won several awards in banking in the United Kingdom and Africa. Srinath said that BoB is also expanding in a big way in India and other countries. Srinath said the Indian economy is robust with an expected nine per cent growth rate, although it may be lower than projected, due to the global recession.
