Bank of Baroda has 61 overseas offices spread over 17
countries comprising 38 overseas branches including
3 Offshore Banking Units and one mobile agency, 6 overseas
subsidiaries and one joint venture.
growing Indo-China relations, economic co-operation
and trade are leading many Indian companies to establish
their presence in commercial cities of People''s Republic
of China. The trade volume in 2003-04 has increased
by 54 per cent to US$ 7.597 billion.
a part of its business strategy, the bank is entering
China with a representative office in Guangzhou, People''s
Republic of China on 28th June 2004.
is on the coast of the South China Sea and 182 kilometers
away from Hong Kong. It is China''s largest and most
prosperous city in the south, an important seaport for
foreign trade and a famous historical and cultural city
over 2,000 years old.
hosts annual spring and autumn exports trade fairs.
Guangzhou is a center of commerce, finance, communication,
science and technology in South China. The volume of
foreign trade is above US$ 23 billion. Guangzhou products
are exported to more than 190 countries with Asian region
accounting for 53% of exports. The per capita GDP of
Guangzhou is highest among the 10 biggest
cities in China.
is also going to open a representative office in Kuala
Lumpur, Malaysia, and fully owned subsidiary in Tanzania
in the next few months.
has received approvals from Reserve Bank of India for
opening offshore banking unit in Singapore, representative
office in Bangkok, Thailand and a branch in Houston,
in USA. Necessary steps are being initiated to open
these offices as early as
possible, after obtaining necessary statutory regulatory
approvals from the concerned authorities in these countries.