Bank of Baroda
 |
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| Public | |
| Traded as | : : BANKBARODA CNX Nifty Constituent |
| Industry | Banking, Financial services |
| Founded | 20 July 1908 |
| Founder | Maharaja H. H. Sir Sayajirao Gaekwad III |
| Headquarters | Navi Mumbai India |
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Area served
|
Worldwide |
|
Key people
|
P. S. Jayakumar(CEO & MD) Ravi Venkatesan (Chairman) Bharat Dangar (Director) |
| Products | Credit cards, consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private banking, private equity, wealth management |
| Revenue |
 ₹44,061.27 crore (US$6.5 billion) (2016) |
 ₹8,816 crore (US$1.3 billion) (2016) |
|
|
₹-5,395.55 crore (US$−800 million) (2016) |
|
| Total assets |
₹671,376.47 crore (US$100 billion) (2016) |
| Total equity |
₹462.09 crore (US$69 million) (2016) |
| Owner | Government of India |
|
Number of employees
|
52,021 (2016) |
| Capital ratio | 13.17% (2016) |
| Website | www |
Bank of Baroda is an Indian state-owned International banking and financial services company headquartered in Navi Mumbai (earlier known as Baroda) in Gujarat, India.It is the second largest bank in India, next to State Bank Of India. Its headquarters is in Navi Mumbai, it has a corporate office in the in Mumbai.
Based on 2014 data, it is ranked 801 on Forbes Global 2000 list. BoB has total assets in excess of ₹ 3.58 trillion, a network of 5493 branches in India and abroad, and 10441 ATMs as of Sept, 2016.
The bank was founded by the Maharaja of Baroda, Maharaja Sayajirao Gaekwad III 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 and has been designated as a profit-making public sector undertaking (PSU).
In 2015, Bank of Baroda officials recently stumbled upon illegal transfers of a whopping Rs 6,172 crores in foreign exchange, made to Hong Kong through newly opened accounts in the bank's Ashok Vihar branch.
As many as 10 banks have been merged with Bank of Baroda during its journey so far:
In 1908, Maharaja Sayajirao Gaekwad III, set up the Bank of Baroda (BoB), with other stalwarts of industry such as Sampatrao Gaekwad, Ralph Whitenack, Vithaldas Thakersey, Tulsidas Kilachand and NM Chokshi. Two years later, BoB established its first branch in Ahmedabad. The bank grew domestically until after World War II. Then in 1953 it crossed the Indian Ocean to serve the communities of Indians in Kenya and Indians in Uganda by establishing a branch each in Mombasa and Kampala. The next year it opened a second branch in Kenya, in Nairobi, and in 1956 it opened a branch in Tanzania at Dar-es-Salaam. Then in 1957 BoB took a giant step abroad by establishing a branch in London. London was the center of the British Commonwealth and the most important international banking center. In 1958 BoB acquired Hind Bank (Calcutta; est. 1943), which became BoB's first domestic acquisition.
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