Besides, the Australian regulator had issued licence to the bank, paving the way for it to open an office there, Bank of Baroda chairman and managing director M D Mallya said.
The bank is planning to hire around 20,000 people over the next four years, he added.
BOB has a network of 4,000 branches in India and 96 foreign branches and offices, Mallya told reporters after inaugurating 'Baroda Pride', new Zonal Office in Chennai.
"We plan to add another 500 domestic branches by March 2013, and four new foreign offices are coming up -- one each at Uganda and Kenya and two in Dubai -- taking the total international network to 100," he said, adding that BoB had presence in 25 countries.
The bank also proposed to open 500 ATMs to its existing chain of over 2,000 facilities by March 2013,
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