Back to Aei4eiA's Research Snippets- Experts' Forum 2018

​Mrs. Kavita Singh

CEO

Bank of Baroda, Australia

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Mrs kavita Singh is CEO of Bank of Baroda (BoB), Australia. 

She has twenty years of experience of Working in various role in BOB with expertise in Credit and Forex dealing. 

Prior to her current role, she has worked in different parts of India and the United Kingdom. She managed various branches as Branch head and Regional head with the responsibility of managing 74 branches. She has been identified by the Bank to be in the bank's senior leadership team.

She is a Post Graduate in Science and a Certified Associate of Bankers.

We Wish To Participate Actively Towards The Growth Of Economy In Australia

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Banks are fundamental institutions and lifeline in any economy. Banking industry has a good prospect this year as the major economies are on a growth path. With respect to India, the economy is growing at a very fast rate and with the country’s global ratings improved on the economic and social front, the outlook is really positive.

As far as Bank of Baroda Sydney is concerned, we are foreseeing growth and opportunities. For instance, in the second half of the year, we have entered into collaborations with big Australian corporate houses and also with startups. We have made our presence felt over here.  

We have three key products for which we have been given license to operate in Australia-
a. Remittances

b. Wholesale Deposits (Above AUD 250, 000/- for individuals) and

c. Business Loans (All types of products)

Over the years, the bilateral ties between India and Australia improved manifolds and there are many prospects that are ahead.

However, locally we have to improve our visibility. Even though we have our presence in 23 countries spread across all the five continents and over 69 million customers worldwide, in Australia we are in the 6th year of business.

We have to emphasise more on the fact that we are not just an Indian bank helping Indian corporates, SMES and individuals in Australia but also a global bank with operations in 23 countries and have the same responsibility towards the local Australian clients as in any part of the world.

We can provide full support to the local businesses- be it SMEs or big corporate houses. We guarantee a full safety of customer investment, with liquidity and a good yield rate which is very attractive as compared to the other banks operating here.

Finally, I am happy to share our vision for the financial year 2017-18 which is to-
# Actively participate in the growth of local business.
# To provide best services and products designed as per the requirements of the local market and
# To play an important role in the development of Indo-Australian trade relations.
 

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