|
BoI plans
offices in China,
Vietnam
Our Banking Bureau
2 November 2001
Mumbai:
Bank of India (BoI), the second largest public sector
bank in India, plans to set up representative offices
in China and Vietnam. The bank has already received RBI’s
clearance for the same. In China, the office will be set
up at Shenzhen, a city in the Guangdong province, southeast
China. In Vietnam, the office is likely to be located
at Ho-Chin-Minh City.
BoI has 19 foreign
offices in four continents, with presence in major financial
centres. The bank has seven well-equipped active foreign exchange
dealing rooms across the globe covering all time zones.
 The
overseas operations of the bank accounted for 20.31 per cent of
the bank’s total business as on 31 March 2001.Operating profits
of the bank’s foreign offices contributed 21.78 per cent of BoI’s
total operating profits during 2000-2001. The ratio of
non-performing assets at foreign branches as on 31 March 2001
stood at 1.1 per cent of the total assets at the foreign branches.
List of reports on Bank of India
|
