Introduction
Bank of Baroda shortly referred to as BoB is an Indian state owned funding and financial services company. The bank has its headquarters in the city of Vadodara which was earlier known as Baroda in the state of Gujarat, India. It is known to be the second biggest bank in India, after the popularly known State Bank of India, and it offers a wide variety of banking products and great financial services to the corporate and marketing customers through its branch offices in various cities and through its very specialized holdings and affiliates. During the financial year 2012 - 2013, its whole business worth was about Rs. ,021 billion.In addition to its grand headquarters in Vadodara in its home state of Gujarat, it has a commercial headquarters in the Bandra Kurla Complex in the vibrant city of Mumbai, India. Based on the data available in the year 2012, it was ranked 715th position on the Forbes Global 2000 list. Bank of Baroda till date has total resources in additional of Rs.3.58 trillion, a system of 4464 branch offices in India, and more than 2000 ATMs. The bank was initially started by the Maharaja of Baroda named H. H. Sir Sayajirao Gaekwad III on the 20th day of July month in the year 1908 in the Princely State of Baroda in the state of Gujarat,India.
The Bank of Baroda, along with the 13 other major commercial banks of India, was nationalized on the 19th day of July month in the year 1969, by the Government of India and it has been labeled as a profit building public sector undertaking shortly referred to as PSU.The fresh logo of the bank is an exclusive representation of a complete symbol. It encompasses dual 'B' letter forms that embrace the rays of the rising sun. It is called as the Baroda Sun by the bank management. The sun is a brilliant picture of what the nationalized bank actually stands for. It is the sole most dominant source of light and energy that prevails on earth. Its far reaching rays dismiss darkness to brighten everything it touches. At Bank of Baroda, they pursue to be the foundations that will help all its shareholders realize their goals.
To its customers, it seeks to be a one stop, dependable partner who can support them address the different monetary needs. To its employees, it offers fulfilling careers and to their stockholders and trade partners, extreme return on their stock. The single colored, enthralling vermillion palette has been wisely chosen, for its amazing distinctiveness as it stands for hopefulness and liveliness. The bank also recognizes that the bank is characterized by variety.
Their system of branches widens to geographical and cultural borders and rural urban boundaries. Its customers have come from a widespread range of productions and backgrounds. The Baroda Sun is an appropriate face for the banks brand as it is a worldwide symbol of enthusiasm and optimism which is eloquent for their many spectators and is easily deciphered by all. Their new commercial brand individuality is much more than an improving change. It is an indication that they recognize and are ready for the new business models in a globalized world. Also at the same time, they also focus on staying in touch with their tradition and lasting an association on which the bank is found. By embracing a sign as modest and powerful as the Baroda Sun, they hope to connect the both.
Initiatives: Bank of Baroda is an innovator in numerous customer centric creativities in the banking sector of India. Bank of Baroda is among the first in the business to complete an all inclusive rebranding implementation wherein numerous fresh customer centric creativities were started along with the modification of the logo. The creativities includes setting up of dedicated NRI Branches, Gen Next Offices and Retail Loan Factories or SME Loan Factories with a gathering line approach of handling loans for quick disbursal of loans.
International Presence: In its global expansion, the Bank of Baroda shadowed the Indian dispersion, exclusively that of Gujaratis. The Bank of Baroda has 101 offices in nearly 24 countries along with 61 offices of the bank, 38 offices of its 8 holdings and 1 of its representative office in Thailand. The Bank of Baroda has a combined venture in Zambia with 16 other offices. Amongst the Bank of Baroda's foreign offices are ones in the world's major commercial centers like New York, Dubai, Hong Kong, London, Brussels and Singapore, as well as a huge number in many other countries. The bank is wholly involved in the wholesale banking through the offices of subsidiaries in the cities of Botswana, Guyana, Kenya, Tanzania and Uganda.
The bank plans to extrapolate its representative office in Australia to a branch and set up a combined venture marketable bank in Malaysia. It has a huge existence in Mauritius with about 9 offices spread out across the country. The Bank of Baroda has acknowledged permission or in principle support from the host country supervisors to open fresh offices in Trinidad, Tobago and Ghana, where it pursues to establish the combined ventures or holdings.
The bank has acknowledged Reserve Bank of India support to open offices in the Maldives and New Zealand. It is looking for support for processes in Bahrain, Mozambique, South Africa, Kuwait, and Qatar, and is also starting offices in Canada, Sri Lanka, Bahrain, New Zealand, Saudi Arabia, and Russia. It also has ideas to spread its current operations in the United Kingdom, the United Arab Emirates, and Botswana. The tagline of Bank of Baroda in various other countries is "India's International Bank".
Website : www.bankofbaroda.co.in
Contact details:Corporate Office:
Centre Bank Of Baroda Baroda Corporate Centre, Plot No - C-26, G - Block, Bandra - Kurla Complex, Bandra (East), Mumbai-400051 Phone :(022) 6698 5000- 04 Fax :(022) 2652 3500
Head Office:
Bank of Baroda Suraj Plaza-1, Sayaji Ganj, Baroda-390005 Bank of Baroda Baroda House, P.B. No.506, Mandavi, Baroda-396006 Phone : (0265) 236 1852 (10lines) Fax : (0265) 236 2395, 236 1824, 236 1806 Phone : (0265) 256 3932 Fax : (0265) 256 2445