Bank of baroda

Bank of Baroda Overview

Bank of Baroda, often abbreviated as BoB, is a prominent and well-established public sector bank in India. With a rich history dating back to 1908, the bank has grown to become a global financial institution with a wide range of banking and financial services.

History and Evolution

Bank of Baroda was founded by Maharaja Sayajirao Gaekwad III in Vadodara, Gujarat, in 1908. Initially, it began as a private bank serving the princely state of Baroda. In 1969, it was nationalized by the Government of India, becoming a public sector bank. This move marked a significant turning point in the bank’s history, as it embarked on a journey of expansion and modernization, Now, the Bank serves its global customer base of over 150 million through over 46,000 touchpoints spread across 17 countries all over the world.

Vision and Mission

Vision and mission


Bank of Baroda's vision is "to be the top-of-mind bank for every customer and community, and to create value for all stakeholders".

Vision and mission


The bank's mission is to provide simple, safe, and rewarding banking solutions to meet the evolving needs of customers while ensuring profitability and sustainability.

Services Offered

Retail Banking

The bank provides a wide range of retail banking products, including savings and current accounts, fixed deposits, loans, credit cards, and wealth management solutions. Its customer-centric approach aims to meet the financial needs of individuals and households.

Corporate Banking

Bank of Baroda offers an array of corporate banking services such as working capital finance, trade finance, cash management, appraisal merchant banking, and treasury solutions. Its expertise in serving corporate clients has contributed to its reputation as a reliable banking partner for businesses.

Rural and Agri Banking

provide a platform to the farmers to solve their problems and adopt better farming practices through dissemination of new . They assist the farmers through Agricultural loans and advances. Their bob World Kisan is an integrated Farmer Engagement Platform with the vision to empower farmers by providing a ‘one stop solution’ for all their agricultural needs

International Operations

The bank has a global presence with branches and offices in multiple countries. It facilitates international trade and finance, remittances, and forex services, serving as a bridge between Indian businesses and the global economy.

Digital Initiatives

Bank of Baroda has embraced technology to enhance customer experiences. Its digital banking services include internet banking, mobile banking, and a user-friendly mobile app, allowing customers to conveniently manage their accounts and conduct transactions online.

Innovative Offerings

 The bank has introduced innovative products and services such as Baroda e-trade, a platform for online trading and investment, and Baroda Next, a comprehensive digital banking platform that caters to the evolving needs of tech-savvy customers.

Achievements and Recognition

Bank of Baroda’s commitment to excellence has garnered recognition from various quarters.

  • Bank of Baroda’s commitment to excellence has garnered recognition from various quarters.
  • It has consistently ranked among the top banks in India in terms of assets, deposits, and customer base.
  • The bank’s efforts in corporate social responsibility have been acknowledged through awards and accolades. Some of the awards have been mentioned below
  • 3rd prize in Technology Category at the 5th International Youth Symposium by Gujarat University
  • Golden Peacock HR Excellence Award’ for the year 2020
  • Brandon Hall, HCM Excellence award 2019 – Best use of Mobile Learning
  • Rajbhasha Kirti award for 2018-19
  • Best practices in CSR awards – 2020
  • Its leadership in adopting digital technologies has earned it recognition as a progressive and innovative bank.

Financial Performance

Bank of Baroda’s financial performance has been commendable. For the first quarter, the company reported net income was INR 44,521 million compared to INR 19,439 million a year ago.

Corporate Social Responsibility

The bank is actively engaged in corporate social responsibility initiatives through their RSEITIs and FLCC Centres. They carry out CSR activities through the following ways.

  • Skill Development through training programs to youth
  • Health Care, sanitation, drinking water, education/literacy
  • Women empowerment
  • Social Welfare/Educational Empowerment
  • Promotion of Digital Payments

Bank of Baroda’s journey from its inception as a regional bank to its current stature as a global financial institution is a testament to its resilience, innovation, and commitment to serving its diverse clientele. With a legacy of over a century, Bank of Baroda continues to evolve and adapt to the changing landscape of banking, remaining a key player in India’s financial sector and contributing to the nation’s economic growth.