Financial Daily from THE HINDU group of publications
Tuesday, Jan 25, 2005
Financial Daily from THE HINDU group of publications Tuesday, Jan 25, 2005 |
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Money & Banking
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Public Sector Banks BoB plans offices in Thailand, Singapore; awaits approval for Texas branch
MUMBAI: As part of its global expansion plans, Bank of Baroda (BoB) plans to set up a representative office in Thailand and is awaiting approvals from authorities in host countries for opening a branch in Houston, Texas, US. The bank also plans to set up an offshore branch in Singapore, after obtaining necessary approvals from host country authorities. The offshore branch will be a hub for BoB's proposed Asia-Pacific operations, said a press release. The bank is awaiting RBI approvals for opening offices in Bangladesh, Canada, Maldives, New Zealand, Sri Lanka, Trinidad and Tobago and expansion in the UAE and the UK in the first phase.
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