Leading public sector lender Bank of Baroda has announced its plans to expand its reach in the overseas market. The bank will ramp up its presence in the African countries, Middle East and will foray in New Zealand.The Chairman and Managing Director of Bank of Baroda, Mr. M. D. Mallya said, "We want to increase our presence in the overseas market. We are present in 87 countries, which will go up to 100 by June 2012."
He also said, "Every subsidiary is doing good business in Africa. A large chunk of our incremental growth will be coming from Africa".