BoB chairman and managing director MD Mallya told reporters here the bank would convert its representative offices in China and Australia into full-fledged branches and open one new branch in the Gulf region. It also plans to open four more branches in Trinidad and Tobago. In addition to its existing branch in New York, BoB plans to open one more branch in the United States. It will open one electronic banking service unit in Abu Dhabi this year.
Last year, the bank had opened 11 branches abroad. Mallya said 20 per cent of the bank's overall business is contributed by overseas branches.