Bank of baroda

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). I t 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

9. 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.

10. 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

11. 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

12. 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.

13. 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.

14. 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

15. Contd …..

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

17. 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.

18. 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

19. SWOT ANALYSIS

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

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

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

23. THREATS Banking License Competition

24. 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.