Bank of Baroda (BoB) is an Indian state-owned International banking and financial services company headquartered in Vadodara (earlier known as Baroda) in Gujarat, India. It has a corporate office in Mumbai.

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About Bank of Baroda

The bank was founded by the Maharaja of Baroda, Maharaja Sayajirao Gaekwad III on 20 July 1908 in the Princely State of Baroda, in Gujarat.[9] 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).

Vision of the Bank

To be a top ranking National Bank of International Standards committed to augmenting stake holders' value through concern, care and competence.

The major ongoing initiatives of the Bank are detailed below:

  • Business Process Reengineering (BPR)
  • People Initiatives
  • New Technology Platform
  • Marketing Initiatives
  • Corporate Social Responsibility (CSR) Initiatives

Bank of Baroda Branches

Bank is having branches in India in the following States/UTs :

  • Andaman And Nicobar Island
  • Andhra Pradesh
  • Arunachal Pradesh
  • Assam
  • Bihar
  • Chandigarh
  • Chhattisgarh
  • Dadra And Nagar Haveli
  • Daman And Diu
  • Delhi
  • Kerala
  • Madhya Pradesh
  • Maharashtra
  • Manipur
  • Meghalaya
  • Mizoram
  • Nagaland
  • Odisha
  • Puducherry
  • Punjab
  • Rajasthan
  • Sikkim
  • Tamil Nadu
  • Telangana
  • Goa
  • Gujarat
  • Haryana
  • Himachal Pradesh
  • Jammu And Kashmir
  • Jharkhand
  • Karnataka
  • Uttar Pradesh
  • Uttarakhand
  • West Bengal
  • Tripura


Services provided by Bank of Baroda are as follows :

1.Supply Chain Finance

Supply Chain Finance (SCF) is a Short Term Working Capital finance to DEALERS/ SUPPLIERS (“Spoke”) having business relationships with LARGE CORPORATE (“Anchor”) to optimise working capital requirements of both Spoke & Anchor. Supply Chain Finance is a fine blend of Bill Discounting & Overdraft product with the essence to optimize finance & flexibility for the customer. All transactions are linked to a base document (Invoice) between the Anchor & the Spoke.

2.Sovereign Gold Bond Scheme 2018-19-Series I

The Bonds under this Scheme may be held by a person resident in India, being an individual, in his capacity as such individual, or on behalf of minor child, or jointly with any other individual. The bond may also be held by a Trust, HUFs, Charitable Institution and University. “Person resident in India” is defined under section 2(v) read with section 2(u) of the Foreign Exchange Management Act, 1999.

3.Public Provident Fund (PPF) scheme

Public Provident Fund (PPF) scheme is a popular long term investment option backed by Government of India which offers safety with attractive interest rate and returns that are fully exempted from Tax

4.National Pension System (NPS)

National Pension System (NPS) is a voluntary, defined contribution retirement savings scheme and has been designed to enable systematic savings during the subscriber's working life.Bank of Baroda is registered with PFRDA as POP (Point of Presence) for NPS under All Citizen Scheme and as Aggregator for the purpose of processing NPS Accounts (Tier-I & Tier-II) and acceptance of contributions


Bank of Baroda is authorized to undertake e-stamping business in 8 States and provides the facility of generation of e-stamps through its designated branches. It is a secured way of paying non-judicial stamp duty to State Govt.


Following Initiatives are given by Bank of Baroda:

Business Process Reengineering (BPR)

Bank had initiated a major Business Process Reengineering to give a big boost to sales growth by enhancing customer satisfaction and by making possible alternate channel migration thus reinventing itself to challenges of the 21st century. Bank’s BPR project known as “Project- Navnirmaan” has altogether 18 activities covering both the BPR and organisational restructuring, aimed at transforming the Bank’s branches into modern “sales & service” outlets.

People Initiatives

Bank is endowed with a competent and motivated employee base which is engaged in handling the extensive business operations of the Bank across the globe. Strategic HR interventions like, according cross border and cross cultural work exposure to its managers, hiring diverse functional specialists to support line functionaries and complementing the technical competencies of its people by imparting conceptual, managerial and leadership skills, gave the Bank competitive advantage. People initiatives were blended with IR initiatives to create an effectively harmonious workplace, where everyone prospered.

New Technology Platform

Bank has made substantial progress in its end-to-end business and IT strategy project covering the Bank’s domestic, overseas and subsidiary operations. All Branches, Extension Counters in India, overseas business and five sponsored Regional Rural Banks are on the Core Banking Solution (CBS) platform.

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