Public sector lender, Dena Bank is soon going to set its first three branches abroad.

"We are surveying markets like the UK, US, Africa and the West Asia and will choose the best three to open the overseas branches. The move is led by the increasing presence of NRIs in these markets," said DL Rawal, chairman and managing director, Dena Bank.

The bank is also planning to set up 100 new branches in the country in the next fiscal.

"By November this year, we will apply for licences for 100 more branches, which we intend to open next year within India," he said.

The last few months from April to August 2010, the bank came up with 34 new branches in the country and 46 more are said to be in pipeline in the upcoming few months. The current branch network of the bank would range to around 1,250.

"More than 500 villages in Gujarat will be targeted for placing business correspondents. Moreover, under financial inclusion banks in the state would cater to 3,506 villages. Dena Bank would cater to 500 villages," said Rawal speaking about the financial inclusion plans of the bank.

The bank currently has a total business of Rs 91,000 crore.