Public sector lender, Bank of Baroda is gearing up to make itself advanced in terms of information technology (IT). In order to achieve this goal, the bank has handed over the responsibility to Hewlett Packard (HP).

Amongst the bank's targets include improvement on time to market, streamlining business operations and also to increment the level of customer understanding and be able to provide customized services to the customer, said HP.

A statement issued by HP read that there has been a long relationship of the company with BoB and it has been serving the bank for five years now.

According to MD Mallya, CMD of the bank, this modernization drive will help the bank to extend its growth prospects to new and existing markets.