Bank of Baroda increases African presence
03 Dec 2021
Bank of Baroda continues to expand its global network with its wholly-owned subsidiary Bank of Baroda (Tanzania) opening its second branch in Arusha in Tanzania. The bank will be offering the full range of banking products including trade finance and SME financing.
The Indian bank has also opened its second branch in Johannesburg, South Africa. The branch was open for business as of August 6, and will also be offering trade finance facilities.
It was officially inaugurated by R K Bhatia, high commissioner of India in South Africa, in the presence of Anil Khandelwal, chairman and managing director of the bank.
In March this year, the bank secured approval to set up a subsidiary in Trinidad and Tobago, and it total has received domestic regulatory approval to open 10 new overseas offices in 2007-08.
About Bank of Baroda
It has been a long and eventful journey of almost a century across 25 countries. Starting in 1908 from a small building in Baroda to its new hi-rise and hi-tech Baroda Corporate Centre in Mumbai, is a saga of vision, enterprise, financial prudence and corporate governance.
It is a story scripted in corporate wisdom and social pride. It is a story crafted in private capital, princely patronage and state ownership. It is a story of ordinary bankers and their extraordinary contribution in the ascent of Bank of Baroda to the formidable heights of corporate glory. It is a story that needs to be shared with all those millions of people - customers, stakeholders, employees & the public at large - who in ample measure, have contributed to the making of an institution.