Bank of baroda

Bank of baroda

1. Bank of Baroda  is an Indian  state-owned  International banking and  financial services  company headquartered in Vadodara (earlier known as Baroda) in Gujarat, India. It is the second largest bank in India, next to  State Bank Of India . Its headquarters is in  Vadodara , it has a  corporate office  in  Mumbai . Based on 2014 data, it is ranked 801 on Forbes Global 2000   list. BoB has total assets in excess of ₹ 3.58 trillion, a network of 5493 branches in India and abroad, and 10441 ATMs as of Sept, 2016.The bank was founded by the Maharaja of Baroda, Maharaja Sayajirao Gaekwad III on 20 July 1908 in the Princely State of Baroda, in  Gujarat.  The bank, along with 13 other major commercial banks of India, was nationalized on 19 July 1969, by the Government of India and has been designated as a profit-making public sector undertaking (PSU ). In 2015, Bank of Baroda officials recently stumbled upon illegal transfers of a whopping Rs 6,172 crores in foreign exchange, made to Hong Kong through newly opened accounts in the bank's Ashok Vihar branch Introduction

2. As many as 10 banks have been merged with Bank of Baroda during its journey so far : Hind Bank Ltd (1958) New Citizen Bank of India Ltd (1961) Surat Banking Corporation (1963) Tamil Nadu Central Bank (1964) Umbergaon People Bank (1964) Traders Bank Limited (1988) Bareilly Corporation Bank Ltd (1998) Benares State Bank Ltd (2002) South Gujarat Local Area Bank Ltd (2004) Memon Cooperative Bank Limited (2011)

3. Recent Developments Bank of Baroda acquired the semi naming rights of Sikanderpur Metro Station in Gurugram. This is the first time that a public sector bank has bagged the naming right of a metro station. Bank of Baroda sealed a 3-year principal sponsorship contract with Olympics 2016 Women's badminton Silver medalist PV Sindhu and India's No 1 ranked Men's Badminton player K Srikanth. Bank of Baroda became the first National Supporter (Indian sponsor) of the FIFA U-17 World Cup India 2017, the first football World Cup to be hosted in India 

4. May 16, 2017 US – India Business Summit, 2006 5 Thank You