Bank of Baroda (BOB), a public sector bank, provides banking and related services. It was established in 1908 in Baroda as a private bank.
Following nationalization, it was taken over by government of India (GoI) in 1969. The shareholding of GoI has now reduced to 53.81%. The chairman and managing director is Anil K. Khandelwal. BOB offers personal and business banking solutions including deposits, loans, credit cards, advances etc.; corporate banking including cash management and remittances, checks, merchant banking etc.; international business including import finance, international treasury etc.; treasury banking including domestic operations and FOREX operations; and rural banking, including retail loans, small businesses and small scale industries. BOB and Reliance Capital Asset Management Company have recently signed a marketing tie-up for distribution of Reliance mutual fund products. BOB has around 2800 branches including 1500 online branched and 1100 ATMs in India.
It has 11 zonal offices and 11 regional offices. The three subsidiaries in India are BOB Asset Management Company, BOBCARDS, and BOB Capital Markets. It has six subsidiaries overseas in Botswana, Kenya, Uganda, Guyana, UK, and Tanzania and representative offices in Thailand, China and Malaysia. It also has an associate bank, Nainital Bank, and a joint venture, Indo-Zambia Bank, in Lusaka. The bank is to open 10 overseas offices in 2007; namely in Port of Spain, Trinidad and Tobago; and offices in Ghana, Bahrain, Canada, Johannesburg, Tanzania, Botswana, London, Kenya and Australia. It is setting up a joint venture (JV) in Malaysia with Punjab National Bank and Andhra Bank. Its head office is at Plaza 1, Sayaji Ganj, Baroda 390005 and corporate office is at Baroda Corporate Centre, Plot No. C-26, Block G, Bandra Kurla Complex, Bandra (East), Mumbai 400051.
Following nationalization, it was taken over by government of India (GoI) in 1969. The shareholding of GoI has now reduced to 53.81%. The chairman and managing director is Anil K. Khandelwal. BOB offers personal and business banking solutions including deposits, loans, credit cards, advances etc.; corporate banking including cash management and remittances, checks, merchant banking etc.; international business including import finance, international treasury etc.; treasury banking including domestic operations and FOREX operations; and rural banking, including retail loans, small businesses and small scale industries. BOB and Reliance Capital Asset Management Company have recently signed a marketing tie-up for distribution of Reliance mutual fund products. BOB has around 2800 branches including 1500 online branched and 1100 ATMs in India.
It has 11 zonal offices and 11 regional offices. The three subsidiaries in India are BOB Asset Management Company, BOBCARDS, and BOB Capital Markets. It has six subsidiaries overseas in Botswana, Kenya, Uganda, Guyana, UK, and Tanzania and representative offices in Thailand, China and Malaysia. It also has an associate bank, Nainital Bank, and a joint venture, Indo-Zambia Bank, in Lusaka. The bank is to open 10 overseas offices in 2007; namely in Port of Spain, Trinidad and Tobago; and offices in Ghana, Bahrain, Canada, Johannesburg, Tanzania, Botswana, London, Kenya and Australia. It is setting up a joint venture (JV) in Malaysia with Punjab National Bank and Andhra Bank. Its head office is at Plaza 1, Sayaji Ganj, Baroda 390005 and corporate office is at Baroda Corporate Centre, Plot No. C-26, Block G, Bandra Kurla Complex, Bandra (East), Mumbai 400051.
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