Stock Insight: Bankable Asset

The century-old Bank of India was the first Indian bank to open a branch outside India. The bank currently has 23 overseas offices and is in the process of converting some of these offices into full-fledged branches. For example its representative office in Shenzan, China is being converted into a branch. The bank is also exploring Antwerp (Belgium) and Beijing to open its branches. The bank's international business grew by 25 per cent in FY'06 against domestic business' 12 per cent. The bank's aggressive approach to international business is expected to drive volumes for it. The bank brought efficiency through the business process re-engineering (BPR). Till recently the bank had

This article was originally published on September 01, 2006.