Bank of Baroda (BoB) was founded by Maharaja Sayajirao Gaekwad III in July 1908. The bank is an Indian state-owned International banking and financial services company headquartered in Vadodara (earlier known as Baroda) in Gujarat, India. Its headquarters is in Vadodara and it has a corporate office in the Mumbai. Vijaya Bank and Dena Bank amalgamated into Bank of Baroda with effect from April 1, 2019. The amalgamation provides significant long-term benefits to the Bank and its customers.

The bank has been investing in technology to improve customer experience. Initiatives such as digitising account opening through TAB Banking, revamping its mobile application, centralisation of back office operations, setting up an Analytics Centre of Excellence (ACoE) and Baroda Kisan platform for its farmers are efforts in that direction. It is expanding its digital focus even further with setting up of a dedicated Digital Lending Department which will exclusively cater to digital on-boarding and processing of loans for Retail and MSME customers using internal and external sources of information and state-of-the-art machine learning and algorithms.

The Bank is proactive in its approach towards empowering the unbanked segment by offering suitable financial products & services and making them financially literate. The Bank is consistently working towards strengthening the financial inclusion initiatives by leveraging the Government’s Digital programmes.

Business area of the bank

Bank of Baroda is engaged in providing various services, such as personal banking, corporate banking, international banking, small and medium enterprise (SME) banking, rural banking, non-resident Indian (NRI) services and treasury services. Moreover, the bank has a state-of-the- art technology and offers a wide range of alternate delivery channels such as net banking, mobile banking, e-lobbies etc. to ensure superior customer convenience. 

Products and services

• Personal Loan
• Home Loan
• Education Loan
• Gold Loan
• Vehicle Loan
• Mudra Loan
• Saving Accounts
• Fixed Deposit
• Recurring Deposit
• Current Accounts
• Debit Card
• Credit Card
• Mobile Banking
• Internet Banking
• WhatsApp Banking
• Branch Locator

Awards and Accolades

2013-14:

• Best Public Sector Bank under the category ‘Global Business Development’ by Dun & Bradstreet - Polaris Financial Technology Banking Awards 2013.
  
• Banking Technology Excellence Award 2013 among PSBs by IDRBT.
  
• MSME Banking Excellence Award-2013 as the Best Bank in MSME by the Chamber of Indian Micro Small and Medium Enterprises.
  
• ‘Excellence in Home Loan Banking’ Award by My FM Stars of the Industry.

2014-15:

• Bank was awarded ‘Best PSU for MSME’ by India SME Forum at New Delhi.
  
• The Bank of Baroda awarded Skoch Order of Merit in India’s Best 2014 Financial Inclusion & Deepening Awards 2014 by Skoch Consultancy Services.
  
• Bank Ranked 21st amongst Best Indian Brands 2014 in Brand Equity - The Economic Times.

2015-16:

• Bank of Baroda was conferred BML Munjal award in Public Sector Category for ‘Business Excellence Through Learning & Development – 2015’ at an award function held in New Delhi.
  
• Bank was awarded HR Excellence Award by Businessworld for ‘Best initiative for Engaging Superannuated Employees’.
  
• Bank was conferred the Best Public Sector Bank under the category ‘Global Business’ at the Dun & Bradstreet Banking Awards 2015.
  
• Bank of Baroda was awarded as First Runner up for ‘Best Financial Inclusion Initiative’ in the category of Large Banks by IBA during Banking Technology Awards 2016 at Mumbai.

2016-17:

• Bank was awarded 2nd prize by Maharashtra State Level Bankers Committee in the area of Official Language Implementation during 2015-16 under Rajbhasha Shield Yojana under Public sector Category held in Pune.
  
• Bank ranked 21st amongst Best Indian Brands 2016 in Brand Equity - The Economic Times.

2017-18:

• Bank was awarded ‘Makers of Excellence Award’ under APY by Pension Fund Regulatory and Development Authority (PFRDA), Government of India.
  
• Finnoviti 2018 Award for Financial Inclusion by Banking Frontiers.
  
• Winner Award in ‘Agricultural Banking’ in the Large Bank category by ASSOCHAM in Annual banking cum Social Banking Excellence Award of 2017.
  
• Silver Award for Best Social Media Brands under Bank category for 2017 by Social Samosa an Indian knowledge repository website on Social Media.

2018-19:

• ‘Best Banking & Finance Legal Team of the Year’ award at the 8th Annual Indian Legal Era Awards 2018-19.
  
• Leadership Capital and Out Performers awards at Atal Pension Yojana Awards 2018-19.
  
• ‘Best Home Loan Products 2018’ at FE Best Banks Award 2018.
  
• ‘Best PSU Bank under MSME’ & Best Bank Agriculture’ finance at Divya Bhaskar Eminence Awards 2018.
  
• Best Performing Bank at the UIDAI's Aaadhar Excellence Awards 2018.

2019-20:

• Bank awarded ‘National award for SHG bank linkage 2018-19’ by DAY-NRLM, Government at New Delhi.
  
• Award from ‘Governance Now’ in 4th India Banking Reforms Conclave and BFSI Awards 2019 at Mumbai.
  
• Bank awarded ‘The Experience Advantage for Delivering Lasting Moments’ (customer interactions) in the PSU category by Kantar IMRB.
  
• Bank bagged Silver at SAMMIE 2019 - Best Social Media Brand Award (BFSI - banking category).
  
• Bank was awarded the ‘Global - Lowest Gross Fraud (Issuer)’ by Visa at the Global Service Quality Awards 2018.
  
• Bank received the IPE award for ‘Best Practices in CSR Awards-2020’ For Livelihood Initiative.
  
• The Bank was awarded the FINNOVITI 2020 Award for its sound based payment system - ‘TONETAG’.