About Company
Bank of Baroda (BOB) is an Indian Multinational, public sector Banking and financial services company. It is the fifth largest public sector bank in India. with a business mix of close to US$225 billion.
Based on 2019 data, it is ranked 1145 on Forbes Global 2000 list. BoB has total assets in excess of Rs 3.58 trillion (making it India’s 2nd biggest bank by assets), a network of 9583 branches in India and abroad, and 10442 ATMs as of July, 2017. The government of India announced the merger of Bank of Baroda, Vijaya Bank and Dena Bank on September 17, 2018, to create the country’s third largest lender. The amalgamation is the first-ever three-way consolidation of banks in the country, with a combined business of Rs 14.82 trillion (short scale), making it the third largest bank after State Bank of India (SBI) and ICICI Bank
The Maharaja of Baroda, Maharaja Sayajirao Gaekwad III, founded the bank on 20 July 1908 in the Princely State of Baroda, in Gujarat. The Government of India nationalized the bank, along with 13 other major commercial banks of India on 19 July 1969; the bank has been designated as a profit-making public sector undertaking(PSU).
As many as 10 banks have merged with Bank of Baroda to date