There are a lot of banks that are undertaken by the Government of India. And the Bank of Baroda is one of those. In this article, we will learn some of the major facts about the Bank of Baroda.
1. The Bank was Founded by Maharaja Sayajirao Gaekwad III
Bank of Baroda was founded by the Maharaja of Baroda, on the year 20 July 1908. The name of the maharaja was Sayajirao Gaekwad III.
2. The First Branch of BoB was Established in Ahmedabad
The first branch of the Bank of Baroda was established after 2 years in the city of Ahmedabad in Gujarat.
3. The Tagline of BoB is India’s International Bank
The tagline of the bank is “India’s International Bank”, the reason is its large presence in countries other than India. Bank of Baroda has more than 100 branches in 24 countries. This data is excluding the branches of the bank in India.
4. Bank of Baroda Acquired New Citizen Bank of India in the Year 1961
In the year 1961, the BoB acquired the New Citizen Bank of India. This acquisition helped the bank in expanding its network in the state of Maharashtra.
5. Bank of Baroda Established a branch in Guyana in the year 1965
1965 was the year in which the BoB established its first international branch in Guyana. Guyana is a country on the North Atlantic coast of South America.
6. The Bank Lost its Narayanganj (East Pakistan) Branch in the Year 1965
BoB had one of its branches in Narayananj in East Pakistan. This branch was lost by the bank due to the war between India and Pakistan in the year 1965.
7. BoB Lost its Dar es Salaam, Mwanga, and Moshi Branches in the Year 1967
Bank of Baroda lost its 3 branches in the year 1967. These 3 branches were located in Dar es Salaam, Mwanga, and Moshi. This loss happed because the Tanzanian government nationalized these branches.
8. Bank of Baroda was Nationalised in Year 1969
In the year 1969, the Government of India nationalized BoB with other top banks in the country.
9. The Headquarters of the Bank is located in Vadodara, Gujarat
The current headquarters of the bank is located in the city of Vadodara in the State of Gujarat.
10. BoB Started its Operations in the United Arab Emirates in Year 1974
In the year 1974, the bank started its operations in the United Arab Emirates. This was done by starting two branches in the city of Dubai and Abu Dhabi.
11. The Bank has More than 8,000 Branches
The Bank of Baroda has more than 8,000 branches spread across the globe. As per the Wikipedia page of the bank. The bank has 8,214 branches as of the year 2020.
12. Bob has More than 10,000 ATM Machines
Bank of Baroda has an ATM network of more than 10,000 ATM machines across the globe as of 2020.
13. The Bank has More than 84,000 Employees
Currently, the bank has more than 84,000 employees working for it. This includes the people working for India and also overseas operations.
14. BoB is Listed on NSE and BSE in India
If you wish you can buy the shares of the bank as its shares are traded on NSE as well as BSE in India.