New Delhi, Aug 14: Bank of Baroda will complete 50 years of operations in African nations, Kenya and Uganda, in December even as it plans to foray into China and Malaysia. This is part of the bank's target to increase the share of profit from overseas business to 25 per cent in the next two years from 20 per cent in the last fiscal, BoB executive director A K Khandelwal said.

Bank of Baroda topped the list among banks in terms of profits from overseas business in the last fiscal, netting Rs 149 crore or 31.95 million dollars. BoB's overall net profit was Rs 772 crore in 2002-03.
The bank's overseas profits increased by over 36 per cent last fiscal from 23.40 million dollars in 2001-02. In 2000-01, it was 32.65 million dollars.
The overall profit of eight PSU banks stood at 45.68 million dollars in 2002-03, compared to 34.30 million dollars in 2001-02 and 140.33 million dollars in 2000-01. Bureau Report