News
Bank of Baroda Chairman visits Europe
Bank of Baroda's worldwide Chairman and Managing Director – Mr. M D Mallya visited the Bank's European Operations in June 2009. During his visit, Mr. Mallya had several engagements including meeting Bank’s Investors, Top Customers and JV Partners.
Bank recently had hit headlines for achieving a robust net profit growth for the quarter ended 31st March 2009 by 172% to Rs. 7,530m (£101m/$153m) against Rs. 2,760m ( £37m/$56m) in the same quarter last year. The Bank’s impressive performance, more especially in current times of financial turbulence, has resulted in Bank of Baroda acquiring the position of 3rd Largest Public Sector Bank in India in terms of Net Profit and Total Business for the fiscal 2008-09.
For the current year 2009-10, Mr. Mallya is looking at credit growth of 23-24% and profits to rise at least by 20%. The Bank also plans to continue its overseas expansion drive in 2009-10.
In his last visit to UK in December 2008, Mr Mallya had inaugurated the new premises of the Bank’s Aldgate East Branch in London. He had also introduced a new online remittance product christened as “Baroda ClickFunds2India”.
To find out more, click Baroda ClickFunds2India or call 0208 909 1739.