Bank of Baroda Foundation Day

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Building Enduring Relationships

Your trust over the years is the foundation of our success.

Today, on our 112th Foundation Day, we feel great joy and pride as we look back. We owe every bit of our success to you. It's your trust that inspired us to do better by us and helping us become one of India's leading and most preferred banks.

With India continuing on its journey of transformation, the end goal is all about giving infinite possibilities to future generations. Taking the legacy of supporting our Nation's economic priorities and aligning our objectives, our Bank has embarked on strategic partnerships with the key stakeholders to contribute in the economic development of the Nation. The active and incessant participation of the Bank in creating robust delivery platform coupled with state-of-art technology are enablers to ensure continuous stakeholders engagement and building enduring relationships.

The Bank is also leveraging on Fintech opportunities, Stand-up India and Mudra Loan to create and support entrepreneurial eco-system as an inclusive growth strategy. The Bank seeks to empower the customers like never before by putting them as the focal point around which it creates rich and meaningful experience to build relationships that are truly enduring in nature.

On our 112th Foundation Day, as we embark towards the future, we are #CelebratingRelationships

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  Banking the Unbanked

  Banking the Unbanked

  The Bank is proactive in its approach towards empowering the unbanked segment by offering suitable financial products & services and making them financially literate. The Bank is consistently working towards strengthening the financial inclusion initiatives by leveraging the Government’s Digital programmes.

  The Bank is also working on significant projects like 'Sarthi' and ‘Night Choupal’ to counsel the unbanked and making farmers financially literate. The expansion of Portable Branches in remote areas, providing round the clock retail banking services like account opening, cash withdrawal, balance enquiry etc. to customers without manual intervention is aimed at ease of banking to the unbanked. Bank strongly feels that making a substantial impact on the lives of the unbanked is key to transforming India.

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  Enhancing Agricultural Growth

  Enhancing Agricultural Growth

  Agriculture plays a significant role in the overall socio-economic fabric of India. The Bank’s efforts in financing irrigation system, scheme for solar PEV pumps are encouraging farmers to enroll under ‘Pradhan Mantri Fasal Bima Yojana’ that are enablers in enhancing agricultural growth. Every offering of the Bank is aimed at providing need- based solutions to the farming community – from financing crop loans to various agri-allied activities. The introduction of Warehouse Receipt Finance is an attempt by the Bank to provide better opportunities to farmers for price discovery and protecting them from the vagaries of market price fluctuations.

  The Bank is also enhancing the negotiating power of farmers through their collective power. Towards this end, the bank has started financing to Farmer Producer Companies in a tie-up with SFAC (Small Farmers’ Agri Business Consortium).

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  Digital India: Way Forward

  Digital India: Way Forward

  India, one of the fastest growing economies is being driven by a dynamic and digital scenario, which is opening up a sea of opportunity for every Indian. The bank’s active association, collaboration and integration with multiple digital touch points is an endeavour to enrich millions of lives and deliver value for every Indian. The Bank has leveraged technology and has rolled out an array of products and services for all segments of society using various digital & emerging technologies to facilitate ‘ease of banking’.

  The Bank remains committed to play a meaningful role and engage with every Indian towards inclusive growth and economic empowerment, using digital platforms.

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  Meeting Housing Aspirations

  Meeting Housing Aspirations

  The Bank believes that banking on your future requires the right foundation. To build on this, the Bank has also been innovating in the mortgage space to create traction for their products. It is actively supporting the nation’s thrust on providing a better quality of life to the masses through affordable housing. The Bank’s efforts towards providing a competitive rate of housing loan interest along with quick processing has translated into the consummate demand for retail space. Pradhan Mantri Awas Yojana has also been a priority of the Bank for the customers belonging to economically weaker section and lower income groups.

  The Bank is also in the process of upgrading a Loan Management System with a new Loan Lifecycle Processing System to streamline loan origination and a tracking process to ensure faster loan disbursals.

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  Empowering Entrepreneurial Dreams

  Empowering Entrepreneurial Dreams

  The Bank belives that banking on your future begins with powering dreams, intent, attitude and outlook of entrepreneurs and supporting them in their journey to progress. To propel this spirit, the Bank is nurturing BSVS (Baroda Swarojgar Vikas Sansthan) which is a hub for skill development and a gateway for entrepreneurship. The Bank has been building these institutions to create a entrepreneurial eco-system.

  The Bank is also leveraging Fintech opportunities, Stand up India and Mudra Loans for fueling inclusive growth, fulfiling entrepreneurial dreams and meeting aspirations of different segments.

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  Seamless Corporate Banking

  Seamless Corporate Banking

  To capitalize the emerging opportunities from Corporates, the Bank is focused on a clearly defined market and sectors having high demand generation potential with superior credit quality track records. The credit process has been enhanced to meet the needs of Corporates with the introduction of Centralized Processing Cell (CPC) decisions, smooth processing and reduction in turnaround time (TAT). The Bank is also in the process of implementing Loan Lifecycle Processing System (LLPS). The launch of state-of-the-art products like Cash Management Services, Trade Finance and Supply Chain Finance, which can be highly customised, is aimed at deepening the depth of offerings. These initiatives and improved performance of corporate financial services (CFS) and emerging corporate (ECB) branches the corporate portfolio of the Bank has increased by 16.8%, while improving the credit rating profile of the Customers.