Bank of Baroda to increase overseas branches to 100

Mumbai: State-run lender Bank of Baroda is planning to increase the number of overseas branches to 100 in FY12 from 85 now, a top official said on Thursday.

It plans to open branches in Malaysia, Uganda, Botswana, the Gulf and Australia, chairman and managing director M. D. Mallya told reporters.

The bank posted a 43% increase in net profit to Rs1,294 crore for January-March quarter.