Bank of Baroda (BOB) has ambitious plans for expansion abroad
Bank of Baroda (BoB), as part of centenary year 2007-08 has ambitious plans for expansion abroad. BOB palns to enter new geographies like Trinidad & Tobago, Ghana, Australia, Bahrain, Canada, New Zealand, besides expanding / upgrading its existing network in UK, China, Malaysia, South Africa, Tanzania, Kenya and Botswana.
The Bank is also exploring other markets like Russia, GCC countries like Qatar, Kuwait, Saudi Arabia. In all, the Bank plans to open at least 10 overseas branches / offices during the centenary year.
Bank of Baroda, one of the earliest Indian banks to venture into international banking arena has presently 62 branches / offices spanning 21 countries in 5 continents.
Bank of Baroda Under Vision-2010, aspires to emerge as a leader in the public sector banking space in India, deploying the most modern technology and pursuing global best practices for affording world-class banking experience and best value to the customer.
Under Vision-2010, the Bank is positioning the Bank as a “Multi-specialist Bank”. From branches catering to the varied needs of all business segments, the Bank is moving forward to create specialized and segment-focused outfits and has redefined 4 critical business segments: Retail, SME, Wholesale and Rural/Agricultural Businesses.
The Bank’s ranking among the World’s Top 1000 Banks in ‘The Banker Magazine’, London has improved from 416 the previous year to 258 in 2007.
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