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Forex Operations

  • Features

Bank of Baroda, one of the major public sector banks in India has a strong global presence with a wide network of 101 overseas offices, including those of subsidiaries, spread over 24 countries, is considered as a market leader in foreign exchange operations in India.


The modern state-of-the-art dealing room at its specialised integrated treasury branch (SITB) at BKC, Mumbai provides the necessary wherewithal to its 152 designated branches across the length and breadth of the country authorized to handle foreign exchange business of its clientele. The bank has retained its primacy as a leading market maker both in spot and forward markets.


The forex dealing desk at the SITB is provided with all modern communication facilities, all its authorized branches via Reuters automated dealing system, to provide on-line quotes for foreign exchange transactions.


Through its large network of authorized branches, the bank caters to the foreign exchange needs of its clientele engaged in export and import trade and the SITB provides rates for conversion of all major world currencies like US Dollar, Sterling Pounds, Euro, Swiss Francs (CHF), Japanese Yen and other exotic currencies. The services to the customers of the bank include hedging of foreign currency risks by providing forward covers and various derivatives product.


Since most of its overseas branches are strategically situated at places where sizeable non-resident Indians are residing, the bank is in a position to deliver its products promptly and efficiently to its NRI customers. The range of products include remittance facilities and acceptance of deposits in Indian Rupees (NRE/NRO) as well as in designated foreign currencies (FCNR). Resident as well as Returning Indians can avail of benefits like Resident Foreign Currency Accounts (RFC).


For help and assistance in case of treasury (forex) products, you may contact our executives as mentioned below at SITB, Mumbai.


Name of Executive: Chief Manager (Forex Dealing)
Address: Baroda Sun Tower,
4th & 5th Floor
C-34, G Block,
Bandra Kurla Complex,
Mumbai - 400 051.
Telephone No.: (009122)66363650, 66363612
Fax No.: 67592840
E-mail:treasu.fx@bankofbaroda.co.in

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