• It all started with a visionary of Maharaja of Baroda, H.H. Sir
Sayajirao Gaekwad III’s.
• On 20th July 1908, under the Companies Act of 1897, and with a
paid up capital of Rs 10 Lacs started the legend that has now
translated into a strong, trustworthy financial body, THE BANK
No history is complete without mention of its heroes, mostly
ordinary people, who turn in extra-ordinary performances and
contribute to building an institution. Over the years, there have
been thousands of such people . The Bank salutes these
"committed soldiers" who passionately helped to create the legend
of Bank of Baroda.
There were also the leaders, both corporate and royal, who
provided the vision and guided the Bank through trail blazing years,
and departing, left behind footprints on the sands of time. This Roll
of Honor will be incomplete without mention of men, of the stature
of Maharaja Sayajirao, Gaekwad,Sampatrao Gaekwad, Ralph
Whitenack, Vithaldas Thakersey, Tulsidas Kilachand and NM
Third largest Public Sector bank in India, after State
Bank of India and Punjab National Bank
Founded in 1908
Headquartered at Baroda(VADODARA)
It has total of 4283 branches including
Has a total staff of 43587
CMD of BOB is S S Mundra
• 1908: Maharaja Sayajirao Gaekwad III set up Bank of Baroda
• 1910: Established its first branch in Ahmedabad
• 1953: Established a branch in Mombasa and another in Kampala
• 1959: Acquired Hind Bank.
• 1961: Merged in New Citizen Bank of India. This merger helped it
increase its branch network in Maharashtra
• 1969: BOB was nationalized.
• 1975: BOB acquired the majority shareholding and management
control of Bareilly Corporation Bank and Nainital Bank both
in Uttar Pradesh
• 1998: BOB also acquired Punjab Cooperative Bank in a rescue.
• 2007: BOB's total business crossed 2.09 lakh crores, its branches crossed
• 2009: BOB registered with the Reserve Bank of New Zealand, enabling it
to trade as a bank in New Zealand.
• 2010 : BOB also opened a branch in New Zealand.
• 2011 : BOB opened an Electronic Banking Service Unit (EBSU) was
opened at Hamriya Free Zone, Sharjah (UAE).
It also opened four new branches in existing operations in
Uganda, Kenya, and Guyana
A SAGA OF VISION & ENTERPRISE
It has been a long and eventful journey of almost a
century across 25 countries. Starting in 1908 from a
small building in Baroda to its new hi-rise and hitech Baroda Corporate Centre in Mumbai, it is a
saga of vision, enterprise, financial prudence and
It is a story scripted in corporate wisdom and social
pride. It is a story crafted in private capital, princely
patronage and state ownership. It is a story of
ordinary bankers and their extraordinary
contribution in the ascent of Bank of Baroda to the
formidable heights of corporate glory. It is a story
that needs to be shared with all those millions of
people - customers, stakeholders, employees & the
public at large - who in ample measure, have
contributed to the making of an constitution.
Bloomberg UTV Financial Leadership Award –Best PSU Banking,2012.
Best CIO Award of BFSI sector from Institute of Public Enterprises, 2012.
Reserve Bank Rajbhasha Shield from RBI Governor,2012.
Best Public Sector Bank under the category Global Business DevelopmentOverall Best Public Sector Bank.
Banking Technology Award-2011 by IBA.
Use of Technology in Training & e-learning – Winner
Best Customer Relationship initiatives – 1st Runner up.
Best use of Business Intelligence – 1st Runner up.
Best use of mobility tech in Banking – 2nd Runner up.
Best Risk management & Security initiatives – 2nd Runner up.
Business India Best Bank Award 2012.
Forbes India Leadership Award – Best CEO Public Sector.
Bank’s Global Business expanded by 19.3% (y-o-y) to Rs 8,02,069 crore by
end-March, 2013. Within this, the Domestic Business expanded by 17.4%
to Rs 5,66,000 crore and the Overseas Business increased by 24.2% to Rs
The Global Deposits of your Bank registered a growth of 23.1% (y-o-y) to
Rs 4,73,883 crore by end-March 2013.
The Domestic Deposits expanded by 22.0% to Rs 3,41,706 crore, while the
Overseas Deposits rose by 26.2% to Rs 1,32,178 crore.
Amidst aforementioned challenges, your Bank’s CASA deposits increased
by 15.9% (y-o-y) to Rs 1,19,981 crore.
The share of Domestic CASA as on 31st March 2013 stood at 30.38%.
• BOB acquired Benares State Bank (BSB) at the Reserve Bank
of India’s request. BSB was established in 1946 but traced its
origins back to 1871 and its function as the treasury office of
the Benares state. In 1964, BSB had acquired Bareilly Bank
(est. 1934), with seven branches; it also had taken over
Lucknow Bank in 1968. The acquisition of BSB brought BOB
105 new branches.
• BoB acquired the failed Gujarat Local Area Bank, and returned
to Tanzania by establishing a subsidiary in Dar-es-Salaam
1959 - BOB acquired Hind Bank
1961 - BOB merged with New Citizen Bank of India,
1963 - Acquired New Surat Banking Corporation,
1964 - Acquired two banks: Umbergaon Peoples Bank
in Southern Gujarat and TamilNadu Central Bank in
1998 - Acquired Punjab Cooperative Bank
1999 - Merged with Bareilly Corporation Bank
2001 - Acquired Benares State Bank
• India First Life Insurance Company is a joint
venture between Bank of Baroda (44%) and fellow
Indian public sector bank Andhra Bank (30%), and
UK’s financial and investment company Legal &
General (26%). It was incorporated in November,
2009 and has its headquarters in Mumbai.The
company started strongly, achieving a turnover in
excess of Rs. 2 billion in its first four and half months.
Baroda Manipal Postgraduate Diploma in
Banking and Finance
• Bank of Baroda and Manipal University have established the
Baroda Manipal School of Banking, which offers a
Postgraduate Diploma in Banking & Finance (PGDBF) from
• The duration of the course is just one year, after which,
successful graduates will join Bank of Baroda as management
Baroda Swarozgar Vikas Sansthan for imparting training to unemployed
youth, free of cost, for gainful self employment and entrepreneurship skill
Bank has also established Baroda Gramin Paramarsh Kendra for
knowledge sharing, problem solving and credit counseling for rural
masses across the country.
Providing support to organizations extending support to handicapped
persons like blind, lame, deaf and dumb, etc. or suffering from any other
Promoting the promotion and use of non exhaustible sources of energy
like solar power, gobar gas plants in rural areas.
During the Financial Year FY13, your Bank disbursed donations amounting
to Rs.699.74 lakh to various organizations engaged in the field of
education, health, women welfare etc. The activity-wise disbursement of
donations are as follows.
• PUNJAB NATIONAL BANK (PNB)
• STATE BANK OF INDIA (SBI)
• INDUSTRIAL CREDIT AND INVESTMENT
CORPORATION OF INDIA (ICICI)
• Political factors include government policies
relating to the industry, tax policies, laws and
regulations, trade restrictions and tariffs etc.
• Economic factors relate to changes in the
wider economy such as economic growth,
interest rates, exchange rates and inflation
• Social factors often look at the cultural aspects
and include health consciousness, population
growth rate, age distribution , changes in
tastes and buying patterns, etc.
• Technological factors relate to the application
of new inventions and ideas such as R&D
activity, automation, technology incentives
and the rate of technological change
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