Bank of Baroda Overview

Bank of Baroda (BoB) is a renowned public sector bank in India, known for its rich history since 1908. It has evolved into a global financial entity offering diverse banking and financial services.

History and Evolution

Established by Maharaja Sayajirao Gaekwad III in Vadodara, Gujarat, in 1908, it initially functioned as a private bank for the Baroda princely state. Nationalized in 1969 by the Indian government, it expanded its reach significantly, now serving over 150 million customers with more than 46,000 touchpoints across 17 countries.

Vision and Mission

Vision: The bank aims to be the primary choice for customers and communities, adding value to all stakeholders.

Mission: It seeks to offer straightforward, safe, and rewarding banking solutions tailored to evolving customer needs, maintaining profitability and sustainability.

Services Offered

• Retail Banking: BoB offers savings and current accounts, fixed deposits, loans, credit cards, and wealth management, focusing on individual and household financial needs.
• Corporate Banking: Comprehensive services include working capital finance, trade finance, cash management, merchant banking, and treasury solutions, establishing itself as a trusted partner for businesses.
• Rural and Agri Banking: It supports farmers with agricultural loans and its integrated Farmer Engagement Platform, bob World Kisan, offering solutions for all agricultural needs.
• International Operations: With a global presence, the bank facilitates international trade, finance, remittances, and forex services, connecting Indian businesses to the world economy.
• Digital Initiatives: Leveraging technology, BoB provides internet and mobile banking, coupled with a user-friendly app for managing accounts and transactions online.
• Innovative Offerings: Products like Baroda e-trade for online trading and Baroda Next, a digital banking platform, meet the demands of tech-savvy customers.