Bank of Baroda has a marked presence abroad and its Singapore & UK operations contribute significantly to fee income of the bank:
Bank of Baroda started its overseas journey by opening its first branch way back in 1953 in Mombassa, Kenya. Since then, the bank has come a long way in expanding its international network to serve NRls and PIOs, Indian corporates around the world and to meet the banking requirements of the local population in these countries where it has a presence. The bank has transformed into ‘India’s International Bank.’
OVERSEAS NETWORK
Today, the bank has a network of 59 branches abroad as at the end of September 2017. According to Mayank Mehta, ED of the bank, while UAE territory has the highest number of branches - 17 - there are single branches in Bahamas, Bahrain, Seychelles, China, Singapore, Hong Kong, USA and Australia. In UAE territory alone, the bank is operating 6 branches, 10 Electronic Banking Service Units (EBSUs) and 1 Off-shore Banking Unit (OBU) in Dubai International Financial Centre (DIFC).
This story is from the December 2017 edition of Banking Frontiers.
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This story is from the December 2017 edition of Banking Frontiers.
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