Vadodara, July 02: Public sector Bank of Baroda today
said it will open five more branches abroad this financial
year and will recruit about 3,000 people in this year.
BoB will open five new branches in Uganda, Trinidad and
Malasiya during 2009-10, BoB chairman and managing director M
D Mallya said.
The bank is also going to recruit 3,000 employees
including 1,000 officers this year, Mallya said.
BoB had opened four new branches in Guanghou (China),
electronic banking unit at Mussaffah (UAE) and branches of
subsidiaries at Kawempe (Uaganda) and Nakuru during 2008-09,
he pointed out.
Moreover, Mallaya said talking to PTI, Bank of Baroda,
Indian Overseas Bank and Andhra Bank will also float a joint
venture for opening a branch in New Zealand.
The bank has 36 million customers in 25 countries.
Mallya was in the city today to attend the 13th annual
general meeting of the bank, where he declared 90 per cent
dividend for the shareholders.
On the banks business plan for 2009-10, he said, the bank
would continue to perform with thrust on growth with quality
by focusing on low-cost deposits and prudent management cost
of resources and by making every possible effort to protect
the asset quality with affirm control on the process of
credit origination.
First Published: Thursday, July 02, 2009, 21:47