Bank of Baroda (BoB) – Company Profile

In the year 1908 Sir Sayajirao Gaekwad III started the bank in Baroda, Gujarat and is the highest gaining PSU bank in the country. It is the second largest bestower in terms of annual profit. Bank of Baroda’s head office is located in Vadodara. The bank is having revenue of Rs 25,800 crore and an income of Rs 4,433 crore and a total asset of Rs 355,826 crore.

History

Bank of Baroda’s first branch was started rolling in Ahmedabad at the period of Maharaja Sayajirao Gaekwad III of the Maratha Empire. In 1957 the bank started operating abroad to serve the Indian societies in Kenya and in Uganda, in the same year it started operation in London as London is considered as the International Banking. In 1961 Bank of Baroda assimilate with New Citizen Bank of India which helped it to expand the branches in Maharashtra. In the same year it started operating in Fiji. Then the next year opened a branch in Mauritius. In the year 1963 Bank of Baroda merged with Surat Banking Corporation in Gujarat. In 1967 Tanzanian Government nationalized three branches of Bank of Baroda and shifted their operations to the National Banking Corporation possessed by the Tanzanian Government. Bank of Baroda is operating around 25 countries.

Key People

The people who played vital role in developing the growth of the bank are Maharaja Sayaji Rao Gaekwad, Ralph Whitenack, Vithaldas Thakersey, Tulsidas Kilachand and NM Chokshi. Shri MD Mallya is the chairman and Managing Director of the Bank of Baroda.

Products and Branches

Some of the products provided by bank Of Baroda are Consumer banking, corporate banking, finance and insurance investment banking, Mortgage loans, private banking, private equity , Wholesale banking, Deposit Products, Rural Agri Products, NRI services Baroda Health and wealth banking. The bank is molding its products according to the customer needs. It is having 865 metro branches, 728 urban branches, 1041 semi urban branches, 1280 rural branches and 93 overseas branches. It is having 13 Zonal offices and 56 Regional offices. Around 39313 employees are working in the above mentioned branches and constitutions. Almost all the branches have been computerized by BOB and they have online services like RTGS/NEFT, Rail Tickets, Baroda easy Pay, Taxes, Baroda eshoppe, Online donation,ASBA and Baroda instapay. They have a range of cards Silver, Exclusive General, Gold VISA/MASTER, Exclusive woman/youth, Nextgen Gold and corporate gold.

Social accomplishment

Bank of Baroda and Manipal University jointly started school of banking with an aim of prior training in banking and finance during college days. It helps students to start a banking career in future with no trouble. The school was inaugurated by Shri MD Mallya, Chairman and Managing Director of Bank of Baroda on August 2011and their official website for registering and recruiting their candidates is barodamanipalschoolofbanking.com

Careers

 The positions are filled according to the IBPS score card and they will declare their position through news papers, online Job portal and through their own site www.bankofbaroda.com. The bank is expecting qualities like he/she should be willing to accept challenges and take charge, Innovative and have a problem solving mindset. Moreover candidate should have high level of energy and must be very enthusiastic.