Bank of Baroda (BoB), the public sector bank is planning to expand its overseas network by increasing its presence in Africa, West Asia and entering New Zealand for the first time. Currently, it is present in 87 countries, which will go up to 100 by June.
By the end of this fiscal, the bank is expecting to clock a business volume of more than Rs 6,50,000 crore and looking at a growth of 24% year-on-year.
Recently, Bank of Baroda (BOB) has inaugurated its 8th electronic banking service unit (EBSU) in Hamiriya Free Zone Authority (HFZA) in Sharjah on January 31, 2012. The bank has an existing tie-up arrangement with HFZA for promoting and financing the units in Hamiriya Free Zone. The EBSU will meet the day-to-day banking requirements of customers in HFZ.
