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Our Bureau

New Delhi , June 14

Bank of Baroda (BoB) wants its overseas operations to contribute at least 35 per cent of its net profit and 25 per cent of its business by 2008. Currently, overseas operations, which span 20 countries, contribute about 28 per cent of the net profit and 16 per cent of its business.

"We want to enter 10 new countries in the next two years. In September, we will have a branch in Singapore. We are also hopeful of obtaining regulatory approval for opening a subsidiary in Port of Spain (West Indies) by December. There are also plans to have operations in Canada during the current fiscal," Mr Anil Khandelwal, Chairman and Managing Director of BoB, told presspersons here.

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