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 8,246 branches, and 11,553 ATMs and
Cash Recyclers supported by self-service channels as of Dec’20. The Bank has a significant international
presence with a network of 99 branches/ offices and subsidiaries, spanning 20 countries.
The Bank has 6 wholly owned domestic subsidiaries namely BOB Financial Solutions Limited (erstwhile
BOB Cards Ltd.), BOB Capital Markets Limited, 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 Dec’20, BoB’s global deposits touched a level of Rs 9,54,561 crore, of which the domestic
deposits was Rs 8,34,811 crore and overseas deposits was Rs 1,19,750 crore. Global advances was Rs.
7,45,420 crore comprising of domestic advances of Rs. 6,33,039 and international advances of Rs.
1,12,381 crore.