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Bank of Baroda |
| The Bank of Baroda is one of the oldest banks in the country and definitely one of the largest as well. It ranks as the 6th largest bank in the country with a total asset of over Rs. 1780 billion. It has several services and features to offer to its clients and continues to grow and expand its operations within the country as well as abroad. Bank of Baroda is also popularly known as BOB and is a very popular financial organization in the country operating since the first quarter of the 19th century. |
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History of the Bank of Baroda:
The History of the Bank of Baroda can be traced back to July 1908 when the bank was set up in Baroda, one of the significant cities in the state of Gujarat. Its head quarters are located in Mumbai. The bank is the brain child of Maharaja Sayajirao Gaekwad III who established the bank with a view of serving the population of the country with efficient banking services and solutions. It was nationalized in the year 1969. |
Soon after it was set up, the bank of Baroda went on to open more branches throughout the state of Gujarat including cities like Ahmedabad and Surat. In 1953, it also opened its first overseas branch in Mombasa. BOB has since then opened a series of branches throughout Africa including Nairobi, Mauritius, Uganda, and even USA. The Bank of Baroda has also acquired numerous banks throughout the country as well as internationally and increased its horizon by manifolds.
The Bank of Baroda is one of the most prominent banks when it comes to its international existence. With more than 70 branches located in the most significant destinations of the world, the bank caters to a clientele of about 30million people, worldwide.
Besides offering quality services in the corporate and business sectors, the bank is also renowned for its housing finance schemes, credit cards and mutual funds and also its merchant banking policies and strategies.
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