Baroda Bank has invited qualified candidates to apply for various positions in its Digital Team.
The Reserve Bank in April 2022 advised banks to set up Digital Banking Units (DBUs). The regulator has mandated banks to report the digital banking segment as a sub-segment of retail banking according to their accounting practices.
Under the eight-position recruitment program, Bank of Baroda has one position each for the head of the Seller Acquisition Business and the head of the Artificial Intelligence department.
Besides, it has a location for each lead who buys online, lead who buys offline; Digital Partner-Leadership; Lead-Fintechs Digital Partner; Process Automation with Robots and Lead Digital Payment Fraud Prevention.
Mumbai-based lending company is expanding its end-to-end digital journey to pre-approved two-wheeler loans, auto loans, education loans, purchase loans homes for pre-approved projects and home equity loans.
For MSME borrowers, it has digitized the renewal process of small ticket MSME loans. Mudra loans up to Rs 10 lakh are processed digitally. In the agriculture segment, it offers digital loans in gold to farmers.
Lenders are also undertaking an end-to-end digital journey for the Kisan Credit Card in select states with progressive digitization of farmland records.
This involves integration with Agritechs to get land records and perform risk analysis of farm data.
The positions for which the bank has invited applications are contractual in nature and these will have a term of five years with annual performance review, according to an announcement.