Bank Of Baroda On A High

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MUMBAI, INDIA (GaeaTimes.com)- One of the largest public sector banks of India, Bank Of Baroda finished its June quarter this year with steep loan growth and improved asset quality, ahead of its closest competitors like Union Bank of India and Punjab National Bank. It is in fact coming close to the Punjab National Bank as far as business size is concerned. Bank of Baroda has emerged as an India based bank that is getting a lot of revenues from overseas operations in recent operations. In fact 25 percent of its total profits are coming from abroad.

The Bank of Baroda is also launching its Internet based banking services today in the UAE. It will help the users to make instant online transactions. The bank is looking forward to consolidate its operations and increase profits in overseas banking and it has set eyes on UAE. Indian Consul General Sanjay Verma and Indian Ambassador to the UAE M K Lokesh will launch the service. The bank is now the only Indian bank that offers complete range of services in the UAE. As of now the bank has branches in Bur Dubai, Sharjah, Ras Al Khaimah and some other locations at UAE. More new branches are coming up.

The last few years saw a massive increase in the customer base of Bank of Baroda. It offers services for mid and small sized corporate customers. The bank also offers a plethora of services for the non resident Indians. The bank will also start a mobile customer service in the UAE pretty soon. It is also looking forward to increase the number of its ATMs.