Bank of Baroda Overview

Bank of Baroda (BoB) is a prominent public sector bank in India, acclaimed for its rich history since 1908. It has grown into a global financial institution, providing a wide range of banking and financial services.

History and Evolution

Founded by Maharaja Sayajirao Gaekwad III in Vadodara, Gujarat, in 1908, BoB initially operated as a private bank for the Baroda princely state. Nationalized in 1969, it expanded widely and now serves over 150 million customers, with more than 46,000 touchpoints in 17 countries.

Vision and Mission

Vision: BoB aims to be the preferred choice for customers and communities, enhancing value for all stakeholders.

Mission: The bank strives to provide simple, secure, and rewarding banking solutions adapted to changing customer needs, ensuring 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: It provides working capital finance, trade finance, cash management, merchant banking, and treasury solutions, establishing itself as a trusted partner for businesses.
• Rural and Agri Banking: Supporting farmers with agricultural loans and its Farmer Engagement Platform, bob World Kisan, the bank addresses all agricultural requirements.
• International Operations: With a worldwide presence, BoB supports international trade, finance, remittances, and forex services, connecting Indian businesses globally.
• Digital Initiatives: Utilizing technology, BoB offers internet and mobile banking alongside a user-friendly app for online account management and transactions.
• Innovative Offerings: Products like Baroda e-trade for online trading and Baroda Next, a digital banking platform, cater to tech-savvy customers.