The UAE has emerged as the number one overseas territory of Bank of Baroda in terms of total volume of business and net profit and has maintained a CAGR of approximately 35 per cent in last three years registering a three fold increase in total volume of business even during the most tumultuous times.
This was announced by M.D. Mallya, chairman and managing director of Bank of Baroda, while talking to the media on Monday. He was on a five day visit to the UAE and which concluded on Tuesday.
“Bank of Baroda is truly aligned to the UAE economy and is instrumental in providing required financial services to all segments and is strongly committed to act as a catalyst to take the Indo-UAE bilateral relationship to the next level,” Mallya said.
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