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Bank Of Baroda
BANKS A bank is an financial institution whose primary motive is to act as payment agent for its customers & to borrow & lend money. 1st bank was founded in Italy in 1406 namely Bank of St. George Main functions of bank 1) 2) 3) 4) 5) Accepting deposits Lending money (Loan) Transfer money Keep valuables in safe custody Government businesses
Types of Bank A) Public Bank Public sector banks are those in which the majority stake is held by the Government of India(GoI). Public sector banks together make up the largest category in the Indian banking system.There are currently 27 public sector banks in India. Some public banks in India are : Central bank Dena Bank Bank of India Indian Overseas Bank Punjab & Sindh Bank B) Private Banks Some private banks in India are: ICICI Bank IDBI Bank IDBI Bank Axis Bank C) C-operative Banks Some co-operative banks in India Sardar Bhiladwalla Pardi Peoples Co-operative Bank Bank of Ahmadabad D) Foreign Banks Some foreign banks in India HSBC CITI Standard Charted E) Regional Rural Banks
Bank Of Baroda
Bank of Baroda was found by Sayajirao Gaekwad III(11 March 1863 6 February 1939), Maharaja of Baroda State (1875-1939). Maharaja Sayajirao Gaekwad, had a vision that a bank like BANK OF BARODA will prove a beneficial agency for lending, transmission, and deposit of money and will be a powerful factor in the development of art, industries and commerce of the country
Bank Of Baroda
VISION STATEMENT
It has been a long & eventful journey of almost a century across 25 countries. Starting in 19082 from a small building in vadodra to its new hi-rise & hi-tech Baroda Corporate Centre in Mumbai, is a saga of vision, enterprise, financial prudence & corporate governance .It is a story scripted in corporate wisdom and social pride. It is a story crafted in private capital, princely patronage and state ownership. It is a story of ordinary bankers and their extraordinary contribution in the ascent of Bank of Baroda to the formidable heights of corporate glory. It is a story that needs to be shared with all those millions of people - customers, stakeholders, employees & the public at large - who in ample measure, have contributed to the making of an institution.
MISSION STATEMENT
To be a top ranking National Bank of International Standards committed to augmenting stake holders' value through concern, care and competence.
Bank Of Baroda
Bank Of Baroda(BoB) is a nationalized bank having headquarters at Vadodra. Its total global business was Rs. 8,021 billion as of 31 mar 2013, making it the second largest Bank in India after State Bank of India Milestones Of Bank Of Baroda(BoB) 19081959 1960s In 1961, merged in New Citizen Bank of India In 1962, opened a branch in Mauritius In 1963, acquired Surat Banking Corporation in Surat, Gujarat In 1964, acquired two banks: Umbergaon Peoples Bank in southern Gujarat and Tamil Nadu Central Bank in Tamil Nadu In 1965, branch in Guyana In 1965, lost one of its branches due to Indo-Pak War in Narayanganj(East Pakistan) 1970s In 1972, opened branches at Abu Dhabi & Dubai In 1975, acquired majority of shares at Bariely Corporation Bank In 1976, opened a branch at New York 1980s In 1980, opened a branch at Sydney(Australia) In 1988, acquired Traders Bank 1990s In 1990, BoB opened an OBU in Mauritius, but closed its representative office in Sydney In 1991, took over the London branches of Union Bank of India and Punjab & Sind Bank In 1996, BoB entered the capital market in December with an Initial Public Offering (IPO) In 1997, opened a branch in Durban First branch was established in Ahmadabad In 1953, established a branch each in Mombasa(Kenya) and Kampala(Uganda) In 1956, a branch at Dar-es-Salaam In 1957, branch at London In 1959, took over Hind Bank
Bank Of Baroda
2000s In 2000, established BoB (Botswana). In 2002, acquired Benares State Bank (BSB) at the Reserve Bank of Indias request. BSB was established in 1946 but traced its origins back to 1871 and its function as the treasury office of the Benares state. In 1964, BSB had acquired Bareilly Bank (est. 1934), with seven branches; it also had taken over Lucknow Bank in 1968. The acquisition of BSB brought BoB 105 new branches. In 2002, BoB (Uganda) was listed on the Uganda Securities Exchange (USE). In 2005, BoB built a Global Data Centre (DC) in Mumbai for running its centralised banking solution (CBS) and other applications in more than 1,900 branches across India and 20 other counties where the bank operates. BoB also opened a representative office in Thailand. In 2006, BoB established an Offshrore Banking Unit (OBU) in Singapore. In 2007, In its centenary year, BoBs total business crossed 2.09 trillion (short scale), its branches crossed 2000, and its global customer base 29 million people. In 2008, BoB opened a branch in Guangzhou, China, Harrow United Kingdom. BoB opened a joint venture life insurance company with Andhra Bank and Legal and General (UK) called India First Life Insurance Company. 2010s Malaysia awarded a commercial banking licence to a locally incorporated bank to be jointly owned by Bank of Baroda, Indian Overseas Bank and Andhra Bank BoB also opened a branch in New Zealand BoB opened an Electronic Banking Service Unit (EBSU) at Hamriya Free Zone, Sharjah
No. of branches AREA Metro Urban Semi-Urban Rural Total Foreign Total
Bank Of Baroda
Financial indicators Key Business Indicators Total Deposits Total advances Total Investments Total Assets Net Profit Net NPA to Net Advances Net Interest Margin Business Per Employee
Services provided by BoB 1. 2. 3. 4. 5. 6. 7. NRI Services Foreign Currency Loans in India (FCNR 'B' Loans) Export Finance / Services Import Finance / services Correspondence Banking Services in India All General Banking Services Treasury Services