Bank announces Financial Results for quarter ended, 31st December 2023.
Bank of Baroda (UK) Ltd announces its intention to wind down and close its UK retail banking activities Visit our website https://www.bankofbarodauk.com/ for any further information.
As per revised RBI directives all our Locker-holders are requested to visit Bank of Baroda, Base Branch.
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Bank of Baroda deposit plans offer convenient solutions to both working individuals as well as senior citizens. These deposits are categorised into deposits with a term period of less than 12 months, more than 12 months and recurring deposits.
An account for all. B3 Silver Account comes with maximum savings and zero Quarterly Average Balance (QAB). Also, make the most of coins and annual offers from Loyalty Rewardz to fulfill yearlong subscriptions and shopping.
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25 Apr 2020
Mumbai, 25 April, 2020: Bank of Baroda has extended financial support to Business Correspondents (BCs) by way of ex-gratia of Rs.10 lakh and health insurance of Rs.60000/- in the wake of COVID-19 pandemic.
Besides, to ensure maintenance of hygiene and safety, the Bank is also providing additional support in tranches to keep the BC points sanitized and clean through sanitizers, disinfectants, use of mask etc. In the first tranche, Rs. 2000/- was provided to each active and functional BC in the month of April 2020. In May, each active and functional BC will be provided Rs. 1000/- for hygiene maintenance.
Further, the Bank will pay an amount of Rs. 100/- per working day towards transportation as an incentive to the BCs to encourage them to extend their services from 10.00 AM to 5.00 PM till 30 June 2020, (except where local level restrictions are imposed) subject to minimum 40 transactions.
Speaking about this initiative, Shri Vikramaditya Singh Khichi, Executive Director said, “The Business Correspondents are an extended family for us and are performing a very important role in our fight against COVID-19 on the economic front. They are our connect to the masses of India and a key part of our Bank's efforts to deliver the benefits of the Government's financial package under PM Garib Kalyan Yojana (PMGKY), PM Kisan Samman Nidhi Yojana, Pension etc. During these challenging times, they have been working very hard and putting in every effort to ensure that the funds reach the beneficiaries in time. In recognition of their commitment and services as 'Corona Warriors' in the field, Bank of Baroda has taken these measures to safeguard their interests and for their welfare. While we pray for the well-being and safety of the BCs, the Bank has taken steps for their financial security, in terms of ex-gratia payment of Rs. 10.00 Lakh to the nominee in case of loss of life of BC due to COVID-19, and Health Insurance facility of Rs. 60,000/- to each active BC, apart from the incentive of Rs.100 per working day and the additional amount for hygiene."
Bank of Baroda (“The Bank”) established on July 20, 1908 is a State-owned banking and financial services organization, headquartered in Vadodara (earlier known as Baroda) in Gujarat, India.
Bank of Baroda is India’s leading public sector bank with a strong domestic presence supported by self- service channels. The Bank’s distribution network includes 9,500+ branches, 13,400+ ATMs, 1,200+, self-service e-lobbies and 18,000 Business Correspondents. The Bank has a significant international presence with a network of 100 branches/offices of subsidiaries, spanning 21 countries. The Bank has wholly owned subsidiaries including BOB Financial Solutions Limited (erstwhile BOB Cards Ltd.), BOB Capital Markets and Baroda Asset Management India Ltd. Bank of Baroda also has joint ventures for life insurance viz. India First Life Insurance and India Infradebt Ltd., engaged in infrastructure financing. The Bank owns 98.57% in The Nainital Bank. The Bank has also sponsored three Regional Rural Banks namely Baroda Uttar Pradesh Gramin Bank, Baroda Rajasthan Gramin Bank and Baroda Gujarat Gramin Bank.
(“The Bank”) established on 20th July 1908 is a State-owned banking and financial services organisation, headquartered in Vadodara (earlier known as Baroda) in Gujarat, India.
Bank of Baroda is India’s leading public sector bank with a strong domestic presence supported by self- service channels. The Bank’s distribution network includes 8,200+ branches, 10,000+ ATMs, 1,200+ self-service e-lobbies and 20,000 Business Correspondents. The Bank has a significant international presence with a network of 100 branches/offices of subsidiaries, spanning 20 countries. The Bank has wholly owned subsidiaries including BOB Financial Solutions Limited (erstwhile BOB Cards Ltd.), BOB Capital Markets and Baroda Asset Management India Ltd. Bank of Baroda also has joint ventures for life insurance viz. IndiaFirst Life Insurance Company Limited and India Infradebt Ltd., engaged in infrastructure financing. The Bank owns 98.57% in The Nainital Bank. The Bank has also sponsored three Regional Rural Banks namely Baroda Uttar Pradesh Gramin Bank, Baroda Rajasthan Gramin Bank and Baroda Gujarat Gramin Bank.
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