History

A Great Future is built on a Glorious Past.

Bank of Baroda is an Indian state-owned International banking and
financial services company headquartered in Vadodara (earlier known as Baroda) in Gujarat, India.

Maharaja Sayajirao Gaekwad III

The founder of Bank of Baroda

The bank was founded by the Maharaja of Baroda, Maharaja Sayajirao Gaekwad III on
20 July 1908. The bank, along with 13 other major commercial banks of India, was
nationalised on 19 July 1969, by the Government of India and has been designated as a
profit-making public sector undertaking (PSU).

Key Milestones

1908

  • The Bank was set up at Baroda by the Maharaja of Baroda, Sir Sayajirao Gaekwad - III
  • First Branch Mandvi, Baroda

1918

First Branch at Bombay

1937

First Branch at Calcutta

1949

First Branch at Delhi

1953

The first two overseas branches are Mombasa (Kenya) and Kampala (Uganda).

1957

Established its operations in United Kingdom at London

1964

First bank in India to set up Mobile Branches.

1968

Established Department of Agriculture Finance

1969

Nationalisation of Banks. "The Bank of Baroda Ltd." became "Bank of Baroda."

1976

First Regional Rural Bank (RRB) opened in Rae Bareli, Uttar Pradesh.

1981

Attains first rank among nationalized banks in terms of total deposits, owned funds, and net profits.

1985

  • Beginning of computerization and mechanization of operations.
  • BOBCARD introduced.

1996

One of the First nationalized Banks to tap Capital Market through Public Issue of Equity Shares

2001

State-of-the-art Specialty Establishment of Integrated Treasury Branch (SITB).

2002

Relocated its Corporated Headquarters to the imposing Baroda Corporate Centre at Bandra-Kurla Complex in Mumbai

2003

Launched Baroda Swarajgar Vikas Sansthan - An exclusive institution for training of the Rural Youth

2005

  • Launched the New Corporate Identity - The Baroda Sun
  • Mr. Rahul Dravid appointed Brand Ambassador.
  • Signed contract with Hewlett Packard as Technology Partner
  • Commissioned State-of-the-art Global Data Centre

2006

  • Established India's First Retail Loan Factory built around assembly line production principle - An innovative Sales & Delivery Model
  • Launched Core Banking Solution and Internet Banking
  • Established India's First SME Loan Factory built around assembly line production principle - An innovative Sales & Delivery Model

2007

  • Bank of Baroda Centenary Festival.
  • Established India's First Gen-Next Branch, A unique fusion of "Hi-Tech and High-Touch" Bank dedicated to youth
  • Interconnected 24 Hours ATM Network
  • Established Baroda Grameen Paramarsh Kendra (BGPK) in quest of Corporate Social Responsibilities
  • Set up a Joint Venture for Mutual Funds "Baroda Pioneer Asset Management Company Ltd." with Pioneer Investments of Italy

2007-08

100 years "Young" Organisation - Celebrated Completion of 100 years of establishment

2008-09

  • "Baroda Next" - State of the art straight from the heart banking technology solution was introduced.

2009

  • 100% implementation of Core Banking Solution - An "Any Time Any Where Banking" facility (Domestic)
  • Launched Bank's BPR project - "Project - Navnirmaan" covering BPR and organizational restructuring and modernization of Branches
  • Set up a Joint Venture for Life Insurance "IndiaFirst Life Insurance Company Ltd." with Legal & General of UK and Andhra Bank

2010

Launched Brand Mascot 'Stickman' increasing usage of alternate delivery channels

2011

  • Launched "Baroda M-Connect" - The mobile banking facility for banking transactions using mobile phone
  • A global network of 3500+ branches and 1700+ networked ATMs offering an All inclusive "Any Time Any Where Banking"

2013

  • Opening of 100th Overseas Branch in Dubai.
  • Launched Pilot Agri Loan Factory.
  • Launched E-Lobby concept of 24 x 7 Banking encompassing various banking facilities under one roof.

2014

  • Launched Baroda Adarsh Grameen Branch - An innovative Rural Branch concept of engaging Villagers.
  • Launched Door Step Banking Services.
  • Names Brand Mascot as: BOBMitra - Dost You Can Bank On.
  • More than 25000 customer touch points (5000+ Branches, 6250+ ATMs. 25 Countries).

2016

  • Foray into Social Media - Facebook, Twitter and YouTube.
  • Beginning of "Business Process Transformation" with Navodaya Project.
  • FIFA U-17 World Cup first national supporter.

2017

  • Launch of Supply Chain Finance.
  • Launch of Digi Next-Cash management Services.
  • Launch of bank presence on "Instagram" Platform.
  • On-boarding of Ace Badminton players PV Sindhu and Kidambi Srikanth (Brand Endorser).

2018

  • Launch of Baroda Kissan App.
  • Launch of "Baroda Radiance" - Premium banking services.
  • Launch of bank presence on "LinkedIn" Platform.
.

2019

  • First ever tripartite amalgamation of Bank of Baroda, Vijaya Bank & Dena Bank.

2020

  • Introducing "BOB NOWW" - Transformation project to build a futuristic bank.


2021

  • "Launch of "bob World".
  • Launch of "Website centralization" project.
  • Launch of end to end Video KYC Based online account opening."

2022

  • Onboarding of youngest woman cricketer Shafali Verma (Brand Endorser).
  • Winner of 'The Best Technology Bank' 2nd time in a row by Indian Banks' Association.
  • Certified as "Great Place To Work" by Great Place to Work® Institute.
  • Launch of banks presence on "Quora" Platform.
1908
1918
1937
1949
1953
1957
1964
1968
1969
1976
1981
1985
1996
2001
2002
2003
2005
2006
2007
2007-08
2008-09
2009
2010
2011
2013
2014
2016
2017
2018
2019
2020
2021
2022

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