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History

A Great Future is built
on a Glorious Past

History

Bank of Baroda is an Indian state-owned International banking and financial services company headquartered in Vadodara (earlier known as Baroda) in Gujarat, India. It is the second largest bank in India, next to State Bank Of India. Its headquarters is in Vadodara, it has a corporate office in the Mumbai.

Maharaja Sayajirao Gaekwad III
The founder of Bank of Baroda
Maharaja Sayajirao Gaekwad III

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

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

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