NEW YORK CITY (TIP): Mr. R. S. Setia, Bank of Baroda’s Chief General Manager-International Operations visited New York office and held meetings with the senior members of the staff on the functioning of the branch. Mr. Ashok Garg, bank’s CE for US Operations led the team of officers in meetings with Mr. Setia.
Mr. Setia spoke briefly with the editor of The Indian Panorama on a couple of issues. In reply to a question Mr. Setia said there were no plans as yet to introduce checking and savings account facilities for customers. He said the bank had to comply with the regulatory provisions of the US administration.
In reply to another question, he said the bank rate reduction or increase does not affect the local customers of the bank.