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Banking on Your Future

Bank of Baroda Foundation Day

Did You Know? - Bank of Baroda was founded in 1908 at Mandvi (Baroda)
Did You Know? - Our 1st Overseas branch was in Mombasa, Kenya in 1953
Did You Know? - The 1st Indian Bank to setup Mobile Branches in India in 1964
Did You Know? - Bank of Baroda was the first brand as National Supporter of FIFA U-17 World Cup India 2017
Did You Know? - Our First Deposit was a Silver Plate with 101 Gold Coins

#BOBTurns113

Bonding for a Better Tomorrow

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

The Maharaja of Baroda, Maharaja Sayajirao Gaekwad III, founded Bank of Baroda on 20 July 1908 in the Princely State of Baroda, in Gujarat. This year, it’s our 113th Foundation Day, and we’ve so many reasons to celebrate and cherish our journey so far. We’ve come a long way as #BOBTurns113. And in this, you’ve been our constant companion. Sharing both the good times and the bad, we’ve together strived towards bonding, working, and creating #ABetterTomorrow for all of us.

Given the current times, the world today is thriving with an unforeseen issue. The pandemic has changed the way we’ve functioned all these years. But this did not stop the bank from moving ahead with persistence and determination. We answered every challenge with a change. Change in our perspective and change in our solutions. Today, our services continue to excel but we keep safety at the forefront. Today, we’ve adapted to the ever-changing technology but also made banking easy. All this, while supporting the nation’s economy and contributing to its efforts in creating #ABetterTomorrow

  • Banking the Unbanked Image

    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.

  • Enhancing Agricultural Growth

    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).

  • Digital India: Way Forward Image

    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.

  • Meeting Housing Aspirations Image

    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.

  • Empowering Entrepreneurial Dreams Image

    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.

  • Seamless Corporate Banking Image

    Baroda Startup

    Baroda Startup

    Baroda Startup Banking, an initiative aimed at making the bank a preferred banking partner for the start-up community and establishing connect with startups.

    The initiative was launched simultaneously across 15 cities in the country.

    The products include customised current accounts, state-of-the-art payments gateways, corporate credit cards, corporate salary accounts and credit facilities apart from other existing products of the bank.

113th Foundation Day

Key Milestones

1908

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

1937

  • First Branch at Calcutta

1949

  • First Branch at Delhi

1953

  • First Overseas Branch at Mombassa, Kenya

1957

  • Established its operations in United Kingdom at London

1968

  • Established Department of Agriculture Finance

1969

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

1976

  • Opened first of its 19 Regional Rural Banks

1996

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

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

2004-06

  • Strategic Tie-ups with Non-Life and Life Insurance Companies for Bancassurance (National Insurance / HDFC Standard)

2005

  • Launched the New Corporate Identity - The Baroda Sun
  • 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

2006-09

  • Strategic Tie-ups with Asset Management Companies

2007

  • 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
  • Association with India Infoline for offering Online Trading Platform for Equity and Derivatives Trading
  • 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

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
  • Launched Signature Tune for enhancing the Brand value by adding sonic edge to the Brand
  • 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]

2019

  • Amalgamation of erstwhile Dena Bank and erstwhile Vijaya Bank with Bank of Baroda
  • Launch of Baroda Kisan Application
  • Roll out of Baroda Startup Banking initiative

2020

  • Inauguration of Bank of Baroda IIT Bombay Innovation Centre
  • Launch of BarodaINSTA SmartTrade

Join us in the celebration as we turn 113 years. Follow us on social media for the latest updates and exciting contests.

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