Bank of Baroda or BANKBARODA

Maharaja Sayajirao Gaekwad founded a bank of Baroda (BoB) in July 1908 with a paid up capital of INR 10 lakh. The Bank of Baroda is also a pioneer in many customer-centric initiatives, particularly in the Indian banking sector. It is amongst the first in the industry to complete entire all-inclusive rebranding exercise wherein different novel customer-centric efforts were undertaken along with the logo change. Such initiatives also included setting up the specialized NRI Branches, the Gen–Next Branches and other Retail Loan Factories/ SME Loan factories with an activated assembly line approach for processing loans for the speedy disbursal of the loans. And since it’s rebranding in 2005, the Bank has consistently promoted its major strengths such as significant international presence, and technological advancement and superior customer service, and many more. Bank had introduced the sub-brand BARODA NEXT–State of the Art, straight from the heart to showcase how the technology was utilized to nurture long term relationships for the superior customer experience. The sub-brand has also been reinforced by the alternative delivery channels such as internet banking, ATMs, mobile banking and with robust delivery outfits such as Retail Loan Factories, and SME Loan Factories, and City Sales Office, and many more. It constantly endeavors to strengthen its branch/ATM network, which is combined with the well-informed staff by offering personalized service at its various touch points, have improved customer interactions & satisfaction. Therefore, the Bank has firmly positioned itself as a technologically advanced customer-centric bank. Currently, it has a network of 3454 branches across India and 86 offices overseas which are spread across various countries such as Australia, Bahamas, Bahrain, Botswana, Belgium, China, Ghana, Guyana, Hong Kong, Fiji Islands, Kenya, Mauritius, Malaysia, Seychelles, South Africa, Singapore, Oman, Tanzania, Thailand, Trinidad, Uganda, UAE, UK, US and Zambia.

Some of the Businesses:

Retail Banking:

It offers a wide range of products and services such as deposits, loans, demat services, credit and debit cards, remittances, ECS (electronic clearing services, government business, and many more.

Rural and Agri Banking:

It offers a wide range of products and services such as deposits, agricultural loans, lockers services, and many more to rural customers and the agrarian sector.

Corporate Banking:

It provides project finance, film finance, foreign currency loans, treasury products, working capital finance, and many more to the corporate sector. The SME BoB also offers a wide range of products and services to the SME sector. Wealth Management – It provides wealth management services to companies in areas of insurance and mutual funds. In protection, as it offers services and facilities to the HDFC and the National Insurance Company. And in mutual funds, it provides services to various brands such as UTI, Birla Sun Life, Reliance Mutual Fund, Franklin Templeton Investments, Sundaram BNP Paribas, and Baroda Pioneer Asset Management Company.

Some of the Bank Subsidiaries:

Domestic:

BOBCARDS Ltd.
BOB Capital Markets Ltd.
Nainital Bank Ltd.

Overseas:

Bank of Baroda (Botswana) Ltd.
Bank of Baroda (Kenya) Ltd.
Bank of Baroda (Uganda) Ltd.
Bank of Baroda (Guyana) Ltd.
Bank of Baroda (New Zealand) Ltd
Bank of Baroda (Tanzania) Ltd
Bank of Baroda (Trinidad & Tobago) Ltd.
Bank of Baroda (Ghana) Ltd.

Overseas – Representative Offices:

Bank of Baroda (Thailand)
Bank of Baroda (Malaysia)
Bank of Baroda (Australia)

Domestic – Associate:

Baroda Pioneer Asset Management Company Ltd
India First Life Insurance Company Limited
Baroda Uttar Pradesh Gramin Bank
Baroda Rajasthan Gramin Bank
Baroda Gujarat Gramin Bank
Nainital –Almora Kshetriya Gramin Bank
Jhabua–Dhar Kshetriya Gramin Bank

Overseas – Associate:

Indo–Zambia Bank Ltd. (Lusaka)

Some of the Awards:

The Bank awarded for its 'Global Business Development.'
The Bank of Baroda bags three Awards of ABCI for the year 2008
The Association of Business Communicators of India (ABCI) Awards (2006).
The Bank of Baroda awarded the Outlook Money NDTV Profit Awards 2007.
The AMITY Leadership Award for Sectoral Excellence in Banking.
The SPJIMR Marketing Impact Awards (SMIA) in 2007.
The Employer Branding Awards 2007.
The Association of Business Communicators of India (ABCI) Awards.
The Bank of Baroda also received the award for performance under SME: Bank of Baroda is also known for the innovative approach in financing the SMEs nationwide has received National Award for performance under the implementation of PMEGP scheme during 2010–11 in Central Zone.

BANKBARODA Share Price Chart