Bank of Baroda, the Indian banking group, has returned to Bahrain after a 15-year absence from the country. The wholesale branch of the bank has been opened in Manama under a license granted by the Central Bank of Bahrain, according to a report in the Gulf Daily News. The bank had first opened an offshore banking unit in Bahrain in 1980. But it was closed in 1993 due to the foreign exchange crisis in India at that time. The new wholesale branch operation in Bahrain will target high net worth individuals and companies in the region. It will mainly focus on deposit products, loans and syndications, trade finance and structured products, treasury products and services as well as participating in debt market and private banking/wealth management services.