Tuesday, 22 July 2008

Bank of India to scale up operations

From Daily News, Dar es Salaam

The Bank of India (Tanzania) Limited today announced plans to scale up its operations in the country by opening more branches. The firm’s Managing Director, Mr Suresh Gajjar, said the bank which opened its doors to the public last week would open branches in Mwanza and Arusha early next year.

“We are planning to reach many Tanzanians including those in rural areas,” Mr Gajjar said during the bank’s inauguration ceremony at a Dar es Salaam hotel. “Our goal is to become the leader in the country’s banking industry by introducing competitive retail and corporate products,” he said.

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