State-run Bank of Baroda is eyeing a business of Rs 62,000 crore from its overseas operation as it plans to open 10 new branches and offices abroad.
According to the plan, the bank will increase number of branches in countries like Trinidad & Tobago and open maiden branch in countries like China and Malaysia. ?We had 20% of our business from overseas operations and going forward we will like to continue the same mix,? BoB chairman and managing director MD Mallya said. The overseas operation of the bank accounted for Rs 54,000 crore in 2007-08 from 72 branches. It added 11 branches and offices during the period. BoB is eyeing a business of Rs 3,10,000 crore by March 2009 as against a total business of Rs 2,59,000 crore recorded in the year-ago period.
