Bank of Baroda
Bank of Baroda is one of the leading banks in India. It was founded in 1908 and is located in Baroda Corporate Centre on plot No-C-26, G Block, Bandra Kurla Complex in India.
The bank is headed by a chairman known as Mallya. The bank offers loan facilities, investment products, credit card facilities and allied industry products in India’s banking sector.
Its total assets amount to about Rs. 1,795. The bank has a network capacity of about 2800 branches, 1000 ATM’s and offices throughout the region making it one of the best placed banks in the region.
Bank of Baroda offers a variety of banking and financial banking services to its retail and corporate clients through its extensive delivery channels and specialized affiliates in the areas of credit cards, asset management and investment banking.
The bank enjoys an international presence through its international banking systems that offer banking facilities to both corporate and retail clients all over the world. For instance, the bank has branches in Dubai which followed the banking procedure of the one located in India.
The bank has a total of 72 international offices in its expansive banking network. In addition, it has six subsidiaries and several representative offices. Among some of its overseas branches, Bank of Baroda has extensive banking coverage in the world’s major financial locations including Hong Kong, New York, Dubai, and Brussels, London and Singapore as well as other banks in other countries.
The nationalized bank India undertakes banking activities especially in the retail sector through 17 branches of subsidiary banking systems in Kenya, Tanzania, Uganda and Guyana. It has a joint venture agreement in Zambia where it also has nine other branches.
The bank maintains representative offices in Malaysia and China. Through its corporation affiliations, the bank has received permission to establish offices in Ghana, Tobago and Trinidad.
It is also seeking approval to establish other banks in Canada, Sri Lanka, Bahrain, Saudi Arabia and Russia. It has banking plans to further extend its operation to cover areas in the United Kingdom, Botswana and United Arab Emirates. Bank of Baroda takes part in mergers with other banks including Citizen Bank of India thus increasing its outreach in the region.
Through its corporate liability, the bank offers assistance to the local community by continuously taking part in developmental activities that are aimed at increasing the level of income for the women, youths and physically handicapped in the society.