- News>
- Finance & Markets
Bank of Baroda plans expansion of international operations
London, Oct 27: After earning a net profit of Rs 1000 crore in the year 2002-2003, Bank of Baroda now plans to focus on expansion of its international operations in a big way, its Chairman and Managing Director P S Shenoy has said.
London, Oct 27: After earning a net profit of Rs
1000 crore in the year 2002-2003, Bank of Baroda now plans to
focus on expansion of its international operations in a big
way, its Chairman and Managing Director P S Shenoy has said.
"The global vision of Bank of Baroda encompasses
transformation into a customer centric organisation of
international standards through technological up-gradations
and physical presence across the globe," Shenoy told a news agency in an interview here last night.
He said the bank, with a staff strength of 40,000,
already has operations in 61 places outside India. "We are
now planning to expand our presence with representative
offices in China, Malaysia, Singapore and Tanzania," he said.
The new office in China, to be opened in 2004, would
be located in Guangzhow. "There is rising trade between China
and India and we would like to cash in on that opportunity."
The representative office in Malaysia would be in Kuala
Lumpur.
Bureau Report