Bank of Baroda to increase overseas branches to 100

MUMBAI: State-run lender Bank of Baroda is planning to increase the number of overseas branches to 100 in FY12 from 85 now, a top official said on Thursday.

It plans to open branches in Malaysia, Uganda, Botswana, the Gulf and Australia, Chairman and Managing Director M.D. Mallya told reporters.

The bank posted a 43 percent increase in net profit to 12.94 billion rupees for Jan-March quarter.

Source: EconomicTimes