Bank of Baroda

By: EconomyWatch   Date: 17 July 2010

About The Author

EconomyWatch

The core Content Team our economy, industry, investing and personal finance reference articles.

EconomyWatch, Content Team

 

  • Dot Div
  •      



Bank of Baroda is an international level banking products and services provider of India. It is ranked #1477 in 2008 Forbes Global 2000 list. It is among few Indian banks that has a global presence.
Bank of Baroda operates in 25 countries. Bank of Baroda aims at being a leading bank that performs at par with international standards. It also looks to increase value of stakeholders to maximum possible level.

Brief history
Bank of Baroda was incorporated in 1908 by Maharaj Sayajirao Gaekwad III. It launched its first branch in 1910 in Ahmedabad. In 1953, its first branches in Kampala and Mombasa became operational. Its overseas branch in Nairobi was opened in 1954.

Products and services
Bank of Baroda provides it banking products and services in several categories like personal, international, business, treasury, corporate and rural. In personal banking section Bank of Baroda offers products like deposits, debit cards, Gen-Next, personal banking services, loans, lockers and credit cards.

In business banking sector, Bank of Baroda offers products and services such as deposits, business banking services, loans and advances and lockers. In corporate banking section, Bank of Baroda offers products and services like wholesale banking, loans and advances, deposits and corporate banking services.

Financials
Sales of Bank of Baroda amounted to $2.48 billion and it earned profits worth $0.26 billion. Assets held by Bank of Baroda were worth $32.80 billion and its market value stood at $4.72 billion.

Awards and recognition
Bank of Baroda won three awards at Association of Business Communicators of India awards. It won in categories like Business Communication, Bilingual Internal Magazine and Corporate Film and Quarterly Economic Review.

As per October 21, 2007 edition of Business Today Survey, Bank of Baroda was conferred with honor of being one amongst top ten marketers in India. It was only bank to have received that honor in that particular survey.

Bank of Baroda won two awards at Outlook Money NDTV Profit Awards 2007 held on October 26, 2007. It won in two categories – Best Bank Award in Public Sector and Best Bank in Home Loan. On March 22, 2007 Bank of Baroda received AMITY Leadership Award for Sectoral Excellence in Banking.



  • Dot Div
  •      

Most Popular in India Companies

Related Links
blog comments powered by Disqus