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02-17-2016, 04:54 PM
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05-11-2017, 11:19 AM
Bank of Baroda is an Indian state-owned banking and financial services company based in Vadodara (formerly known as Baroda) in Gujarat, India. It is the second largest bank in India, next to State Bank Of India. Its headquarters is in Vadodara, it has a corporate office in Mumbai.
Based on data from 2014, it is ranked 801 on the Forbes Global 2000 list. BoB has total assets above ₹ 3.58 trillion, a network of 5493 branches in India and abroad, and 10441 ATMs as of September 2016. The bank was founded by Maharaja of Baroda, Maharaja Sayajirao Gaekwad III on July 20, 1908 in the princely state of Baroda, in Gujarat. The bank, along with 13 other major commercial banks in India, was nationalized on July 19, 1969 by the Government of India and has been designated as a lucrative public sector enterprise. In 2015, Bank of Baroda officials recently stumbled on illegal transfers of R $ 6,172 in foreign currency to Hong Kong through new accounts opened at the bank's Ashok Vihar branch. Up to 10 banks have been merged with Bank of Baroda during their trip so far: • Hind Bank Ltd (1958) • New Citizens Bank of India Ltd (1961) • Surat Banking Corporation (1963) • Central Bank of Tamil Nadu (1964) • Umbergaon People Bank (1964) • Traders Bank Limited (1988) • Bareilly Corporation Bank Ltd (1998) • Benares State Bank Ltd (2002) • Bank of the local area of South Gujarat Ltd (2004) • Memon Cooperative Bank Limited (2011) |
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