Bank of Baroda continues to expand its global network with its wholly-owned subsidiary Bank of Baroda (Tanzania) opening its second branch in Arusha in Tanzania. The bank will be offering the full range of banking products including trade finance and SME financing.

The Indian bank has also opened its second branch in Johannesburg, South Africa. The branch was open for business as of August 6, and will also be offering trade finance facilities.

It was officially inaugurated by R K Bhatia, high commissioner of India in South Africa, in the presence of Anil Khandelwal, chairman and managing director of the bank.

In March this year, the bank secured approval to set up a subsidiary in Trinidad and Tobago, and it total has received domestic regulatory approval to open 10 new overseas offices in 2007-08.