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Bank of Baroda

Bank of Baroda
Company nameBank of Baroda
Company typePublic
IndustryBanking
Financial services
Investment services
Founded1908
HeadquartersBank of Baroda,
Suraj Plaza-1,
Sayaji Ganj,
Baroda India
Key peopleM D Mallya
(Chairman & MD)
ProductsFinance and insurance
Consumer banking
Corporate banking
Investment banking
Investment management
Private banking
Private equity
Mortgages
Credit cards
Revenue24695.10 Crore (2011)
Total assets358397 Crore (2011)

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Bank of Baroda (BoB) (BSE - 532134) ( ) is the third largest bank in India, after the State Bank of India and the Punjab National Bank and ahead of ICICI Bank. BoB is ranked 763 in Forbes Global 2000 list. BoB has total assets in excess of Rs. 3.58 lakh crores, or Rs. 3,583 billion, a network of over 3,409 branches and offices, and about 1,657 ATMs. It plans to open 400 new branches in the coming year. It offers a wide range of banking products and financial services to corporate and retail customers through a variety of delivery channels and through its specialized subsidiaries and affiliates in the areas of investment banking, credit cards and asset management. Its total business was Rs. 5,452 billion as of June 30.

As of August 2010, the bank has 78 branches abroad and by the end of FY11 this number should climb to 90. In 2010, BOB opened a branch in Auckland, New Zealand, and its tenth branch in the United Kingdom. The bank also plans to open five branches in Africa. Besides branches, BoB plans to open three outlets in the Persian Gulf region that will consist of ATMs with a couple of people.

The Maharajah of Baroda, Sir Sayajirao Gaekwad III, founded the bank on 20 July 1908 in the princely state of Baroda, in Gujarat. The bank, along with 13 other major commercial banks of India, was nationalised on 19 July 1969, by the government of India.


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