Drat Mission and Vision – Bank of Odisha

Bikash Choudhury


Over 25 lakh Odiya people live in 8 cities outside Odisha in the country. Therefore, Bank of Odisha must tap odiya people for funds i.e., savings & investment. Kolkata, Vizaq, Hyderabad, Chennai, Bangalore, Mumbai, Delhi and Ahmeadabad.Apart from mobilizing low cost funds (CASA), BOO must also networkwith Business Community and persuade them to invest in commercial venture, manufacturing units in MSME sector independently or in collaboration with Odiya Business men/women. Further, BOO can show case ODISHA as a potential Investment/Business destination in continuous manner in all eight cities in India. To an extent, BOO should represent unique culture and tradition of Odisha.FDI would play a vital role in further development of Odisha;And therefore, BOO should be able to work on higher flow of FDI to the state.

BOO if set-up must be an autonomous commercial bank within OSCB. The top management of BOO must have required skill set in retail, corporate, investment Banking and Venture capital funding. At this time, BOO must adopt a low cost model with suitable technology and branch presence in all 8 cities in India having Odiya domicile in large number. Venture Capital Fund can also be set-up by BOO to tap Odiya HNI, exclusively for projects in the state.