New bank registered

Release date
01 September 2009

The Reserve Bank today announced that Baroda (New Zealand) Limited has been registered as a bank in New Zealand.

The bank, which is a subsidiary of Bank of Baroda (India), will be changing its name to Bank of Baroda (New Zealand) Limited before it commences operations.

There are now 19 registered banks in New Zealand, which are listed on the Reserve Bank website.

Media contact:

Anthea Black
External Communication Adviser
Ph 04 471 3767, 021 222 5225
anthea.black@rbnz.govt.nz