INDEX

Sr,No. CONTENTS PAGE NO.

CHAPTER 1
INTRODUCTION
HISTORY OF BANK OF BARODA
DEFINITION OF BANK OF BARODA
CHARACTRISTICS OF BANK OF BARODA
ADVANTAGE & DISADVANTAGE OF BANK OF
BARODA
IMPORTANCE OF BANK OF BARODA
INTRODUCTION

Bank of Baroda (BOB) established on July 20, 1908 is an Indian state-owned banking and
financial services organization, headquartered in Vadodara (earlier known as Baroda), in
Gujarat, India. Under the ‘Alternative Mechanism’ scheme, the Government announced the
amalgamation of Vijaya Bank and Dena Bank with Bank of Baroda which came into effect on
April 1, 2019. Bank of Baroda is one of India’s largest banks with a strong domestic presence
spanning 9,449 branches, and 13,153 ATMs and Cash Recyclers supported by self-service
channels as of Sep’19. The Bank has a significant international presence with a network of 100
branches/ offices subsidiaries, spanning 21 countries. Moreover, Bank of Baroda has a state-of-
the- art technology and offers a wide range of alternate delivery channels such as net banking,
mobile banking, e-lobbies etc. to ensure superior customer convenience. The Bank has 6 wholly
owned domestic subsidiaries namely BOB Financial Solutions Limited (erstwhile BOB Cards
Ltd.), BOB Capital Markets Ltd, Baroda Asset Management India Limited, Baroda Trustee India
Private Limited, BarodaSun Technologies Ltd and Baroda Global Shared Services Limited. Bank
of Baroda also has joint ventures with India First Life Insurance Company Limited for life
insurance and India Infradebt Limited engaged in infrastructure financing. The Bank owns
98.57% in The Nainital Bank. The Bank has also sponsored three Regional Rural Banks namely
Baroda Uttar Pradesh Gramin Bank, Baroda Rajasthan Gramin Bank and Baroda Gujarat Gramin
Bank. As of end Sep’19, BOB’s global business touched a level of Rs 15,31,470 crore, of which
the domestic business was Rs 13,16,666 crore and overseas business was Rs 2,14,804 crore.
Bank of Baroda is one of India's largest banks with a strong domestic presence
spanning 9,449 branches, and 13,153 ATMs and Cash Recyclers supported by
self-service channels as of Sep'19. The Bank has a significant international presence
with a network of 100 branches/ offices subsidiaries, spanning 21 countries.
 HISTORY
Bank of Baroda (BOB) was founded by Maharaja Sayajirao Gaekwad in July 1908. It
started with a paid up capital of Rs 10 lakh. Bank of Baroda is a pioneer in various
customer centric initiatives in the Indian banking sector. Bank is amongst first in the
industry to complete an all–inclusive rebranding exercise wherein various novel
customer centric initiatives were undertaken along with the change of logo. The
initiatives include setting up of specialized NRI Branches, Gen–Next Branches and
Retail Loan Factories/ SME Loan Factories with an assembly line approach of
processing loans for speedy disbursal of loans.
Ever since its rebranding in 2005, bank has consistently promoted its major strengths
viz. large international presence; technological advancement and superior customer
service etc. Bank had introduced the sub brand BARODA NEXT–State of the Art–
Straight from the Heart to showcase how it has utilized technology to nurture long term
relationships for superior customer experience. The sub brand has been reinforced by
alternate delivery channels such as internet banking, ATMs, mobile banking etc and
robust delivery outfits like Retail Loan Factories, SME Loan Factories, City Sales Office
etc. Bank? Ôäós constant endeavor to strengthen its branch/ATM network combined
with well informed staff offering personalized service at its various touch points have
enhanced customer interactions and satisfaction. Thus the Bank has firmly positioned
itself as a technologically advanced customer–centric bank.
Bank of Baroda was incorporated on July 20 1908 as a as a private bank with the name
The Bank of Baroda Ltd. The Bank was established with a paid up capital of Rs 1 million
and was founded by Maharaja Sayajirao III of Baroda. In the year 1910 the Bank
opened their first branch in the city of Ahmedabad
Bank of Baroda is one of the leading commercial public sector banks in India. The
Bank's solutions includes personal banking which includes deposits gen-next services
retail loans credit cards debit cards services and lockers; business banking which
includes deposits loans and advances services and lockers; corporate banking which
includes wholesale banking deposits loans and advances and services and international
business which includes non-resident Indian (NRI) services foreign currency credits ECB
offshore banking export finance import finance correspondent banking trade finance
and international treasury. The Bank offers services such as domestic operations and
For-ex operations. They also offer rural banking services which include deposits priority
sector advances remittance collection services pension and lockers. They also offer fee-
based services such as cash management and remittance services. The Bank is having
their head office located at Baroda and their corporate office is located at Mumbai. Bank
of Baroda is one of India's largest banks and as on December 2020 the bank has a
strong domestic presence spanning 8246 domestic branches and 11553 ATMs & Cash
Recyclers supported by self-service channels. The bank has a significant international
presence with a network of 99 overseas branches/offices subsidiaries spanning 21
countries. The bank has wholly owned subsidiaries including BOB Financial Solutions
Limited (erstwhile BOB Cards Ltd.) and BOB Capital Markets. Bank of Baroda also has a
joint venture for life insurance business with India First Life Insurance. The bank owns
98.57% in The Nainital Bank. The bank has also sponsored three Regional Rural Banks
namely Baroda Uttar Pradesh Gramin Bank Baroda Rajasthan Gramin Bank and Baroda
Gujarat Gramin Bank.Bank of Baroda was incorporated on July 20 1908 as a as a
private bank with the name The Bank of Baroda Ltd. The Bank was established with a
paid up capital of Rs 1 million and was founded by Maharaja Sayajirao III of Baroda. In
the year 1910 the Bank opened their first branch in the city of Ahmedabad.
DEFINITION

Banking can be defined as the business activity of accepting and

safeguarding money owned by other individuals and entities and then
lending out this money in order to earn a profit. However, with the passage
of time, the activities covered by the banking business have widened and
now various other services are also offered by banks.  The banking services
these days include the issuance of debit and credit cards, providing safe
custody of valuable items, lockers, ATM services, and online transfer of
funds across the country/world.

A bank is a financial institution licensed to receive deposits and make loans.

Banks may also provide financial services such as wealth management,
currency exchange, and safe deposit boxes. There are several different kinds
of banks including retail banks, commercial or corporate banks, and
investment banks. In most countries, banks are regulated by the national
government or central bank.

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Banking