A detailed analysis on Bank of Baroda upto 2020

1. Submitted by :-
Lalthazuala (1902017)
Nandagopal M (1902022)
Naresh Pareek (1902023)
Shubham Pandey (1904047)

2. HISTORY
• 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 OF BARODA.

3. THE HEROES
 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 Chokshi.

4. ABOUT BOB
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 111overseas
Has a total staff of 43587
MD of BOB is S S Mundra

5. BRIEF HISTORY
1908: Maharaja Sayajirao Gaekwad III set up Bank of Baroda (BOB).
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.

6. Contd…
2007: BOB's total business crossed 2.09 lakh crores, its branches crossed
1000.
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

7. VISION & STATEMENT
Mission Statement -
“To be a top ranking National Bank of
International Standards committed to
augmenting stake holders’ value through
concern, care and competence”.

8. CHAIRMAN

11. AWARDS
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 – 2 nd Runner up.
Best Risk management & Security initiatives – 2nd Runner up.
Business India Best Bank Award 2012.
Forbes India Leadership Award – Best CEO Public Sector.

13.  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.
ACQUISITIONS

14. 1959 - BOB acquired Hind Bank
1961 - BOB merged with New Citizen Bank of India, Maharashtra
1963 - Acquired New Surat Banking Corporation, Gujarat
1964 - Acquired two banks: Umbergaon Peoples Bank in Southern Gujarat
and TamilNadu Central Bank in Tamilnadu
1998 - Acquired Punjab Cooperative Bank
1999 - Merged with Bareilly Corporation Bank
2001 - Acquired Benares State Bank

15. AFFILIATES
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.

16. 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 Manipal University.
The duration of the course is just one year, after which, successful
graduates will join Bank of Baroda as management trainees.

17. Baroda Swarozgar Vikas Sansthan for imparting training to unemployed youth, free of
cost, for gainful self employment and entrepreneurship skill development.
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 disabilities.
Promoting the promotion and use of non exhaustible sources of energy like solar
power, gobar gas plants in rural areas.
During the Financial Year FY20, 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.
Corporate Social
Responsibility

21. Contd…..

22. COMPETITORS
PUNJAB NATIONAL BANK (PNB)
STATE BANK OF INDIA (SBI)
INDUSTRIAL CREDIT AND INVESTMENT
CORPORATION OF INDIA (ICICI)

24.  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 rate, etc.

25. 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

26. SWOT ANALYSIS

27. STRENGTH
Biggest name in
PUS banking
Variety of Services
and Products
CBS
Internationally
accessible

28. WEAKNESS
Lesser
number
of
Branches
Focused
less on
local
branches

29. OPPORTUNITIES
Scope to expand
outside India
Expansion to
local rural areas
Capital markets can
generate more
revenue

30. THREATS
Banking License Competition

31. CONCLUSION
Bank of Baroda is one of the leading commercial banks in India.
The Banks solutions includes personal banking, which includes
deposits, gen-next services, retail loans, credit cards, debit cards,
services and lockers; business banking, which includes deposits,
loans and advances, services and lockers; corporate banking, which
includes wholesale banking, deposits, loans and advances and
services, and international business, which includes non-resident
Indian.