Bank of Baroda Foundation Day

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 114th Foundation Day, and we’ve so many reasons to celebrate and cherish our journey so far. We’ve come a long way as #BOBTurns114. And in this, you’ve been our constant companion.

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.

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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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  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.