Bank of Baroda, the third largest public sector lender in terms of assets, is planning to open 400 new branches to increase its presence across India by next fiscal year. With the addition of these new branches, the bank will have a total of 5400 branches. Furthermore, the bank is also planning to open 200 new ATMs in Karnataka to take the total count to 365.
Bank of Baroda has registered 5.46% fall in its net profit at Rs 1104.22 crore for second quarter ended September 30, 2014 as compared to Rs 1168.10 crore for the same quarter in the previous year. However, total income of the bank has increased 13.11% at Rs 11817.32 crore for Q2FY15 as compared Rs 10447.31 crore for the corresponding quarter previous year.
