At a time when majority of foreign banks in USA are struggling to cope with federal regulations, Bank of Baroda is forging ahead with innovative programs to help its customers. Not many banks can claim as Ashok Kumar Garg, the Chief Executive of Bank’s US Operations, claims, “Bank of Baroda’s latest innovation can be experienced while doing online remittance to India”, he said, “Our online remittance tool allows money transfer to India from USA within minutes.
Speaking with The Indian Panorama, Mr. Garg claimed that his bank offers a very competitive exchange rate to customers of online remittance.
“We are determined to provide a very friendly service to our customers. You can be rest assured of individualized attention while dealing with our staff either offline or online”, he said in his chamber overlooking Park Avenue in New York City.
Mr. Garg said that Bank of Baroda offers free of charge Indian rupee remittance to Bank of Baroda accounts in India. There is a nominal fee for remittance to other banks. Customers must register to take advantage of this service.
Mr. Garg, who has been serving Bank of Baroda since 1979, is a world traveler. While at Kampala, he served in high profile positions in the banking sector of Uganda. He was the Chairman of Baroda Capital Markets Ltd. and a Director on the Board of Uganda Securities Exchange (USE). His accomplishments in banking and accounting brought numerous awards and recognition for him. Mr. Garg was the only banker in Uganda who was conferred with Pearl of Africa Lifetime Achievement Award by public opinion.
Bank of Baroda practices a manifold approach to support community activities. A typical Delhiwala Mr. Garg believes in developing close relations with customers and colleagues alike. He enthusiastically supports community activities that promote Indian traditions and culture in USA. “Bank of Baroda is fully dedicated to the welfare of our communities. As a banking organization our primary motive is to succeed financially. At the same time,we fully understand the importance of connecting with the community. That is why we support various events and activities that are focused on Indian culture and traditions”, said Mr.Garg.
During the past 36 years of his service in Bank of Baroda he acquired rich experience of diverse Banking operations, a thorough knowledge of Project Management, Compliance functions, Training and Development, Risk Management, Financing of Retail, SME, Wholesale, Agriculture and International Trade.
Mr. Garg holds a Master’s Degree in Commerce besides a Bachelor’s Degree in Law from Delhi University. He is an alumnus of Shri Ram College of Commerce, Delhi University. He is also a Certified Associate of Indian Institute of Banking & Finance (CAIIB). Mr. Garg started his career as a Probationary Officer in Bank of Baroda in 1979.