Bank of Baroda & NSDL Database Partner for Government Agency Banking in Bihar

Bank of Baroda (BoB) has entered into a strategic Memorandum of Understanding (MoU) with NSDL Database Management Limited (NDML) to provide comprehensive technical and banking support for the Agency Bank operations of the Office of the Registrar General, Ministry of Home Affairs, Government of India, in the state of Bihar.

Key Details of the Partnership

The partnership was formalized in a meeting attended by senior officials from both organizations. Representing Bank of Baroda were Shri Subrat Swain, General Manager and Zonal Head (Patna Zone), along with other senior executives including Shri Baljeet Singh, Deputy General Manager (Government Relationship). NDML was represented by Shri Sameer Gupte, Managing Director & CEO, and Shri Hamid Arif, Head – Business.

Roles and Responsibilities

Under this agreement, the roles are clearly defined:

• NDML will act as the Technical Service Provider, supplying the essential technology platform required for the operations.

• Bank of Baroda will handle the banking and financial operations, including the collection of receipts and the remittance of funds to the Reserve Bank of India.

Strategic Importance

This collaboration underscores Bank of Baroda's focused strategy to strengthen its government business portfolio. By leveraging NDML's technological expertise, BoB aims to build robust digital infrastructure and ensure seamless, efficient payment mechanisms for government agencies. The initiative is expected to enhance the operational efficiency of the Registrar General's office in Bihar, facilitating smoother public service delivery.

The move aligns with the broader national push towards digital governance and streamlined financial transactions between citizens, government bodies, and banking institutions.