Bank of Baroda aims to double tech team headcount to 3,000 by end of FY26
State-owned Bank of Baroda is aiming to double its in-house technology team headcount to 3,000 in the next two years, a top official has said.
The new additions to the current team strength of 1,500 employees will be done both through the regular hiring processes and lateral hires of specialist talent, Debadatta Chand, its managing director and chief executive officer told PTI recently.
"In the next two years, we will double the number of people in our IT team," Chand said after the announcement of its March quarter earnings.
Recently, the Reserve Bank of India has taken stringent action on banks for shortfalls in technology architecture which impacted the ability to execute transactions.
Apart from the 1,500 in-house workers, there are also contractual employees engaged by the bank in the IT function, Chand said.
The bank is wanting to hire contemporary talent as part of the efforts to significantly up its strength of IT professionals, he said.
The lateral talent will be across