Hey can you please tell me the History of Bank of Baroda in India?

Bank of Baroda (BoB) is an Indian state-owned banking and financial services company headquartered in Vadodara.

The bank was founded by the Maharaja of Baroda, H. H. Sir Sayajirao Gaekwad III on 20 July 1908 in the Princely State of Baroda, in Gujarat.

The bank, along with 13 other major commercial banks of India, was nationalised on 19 July 1969, by the Government of India and has been designated as a profit-making public sector undertaking (PSU).

Its total global business was INR 8,021 billion as of 31 mar 2013, making it the second largest Bank in India after State Bank of India.

In 1961, BoB merged in New Citizen Bank of India. This merger helped it increase its branch network in Maharashtra. BoB also opened a branch in Fiji.

In 1969 the Indian government nationalised 14 top banks, including BoB.

In 1972, BoB acquired Bank of India’s operations in Uganda. Two years later, BoB opened a branch each in Dubai and Abu Dhabi.

In 1980, BoB opened a branch in Bahrain and a representative office in Sydney, Australia.

In 1996, BoB Bank entered the capital market in December with an Initial Public Offering (IPO). The Government of India is still the largest shareholder, owning 66% of the bank's equity.

In 1997, BoB opened a branch in Durban. The next year BoB bought out its partners in IUB International Finance in Hong Kong.

2002: Bank of Baroda (Uganda) was listed on the Uganda Securities Exchange (USE).

2006: BoB established an Offshrore Banking Unit (OBU) in Singapore.

2008: BoB opened a branch in Guangzhou, China (02/08/2008) and in Kenton, Harrow United Kingdom.

In 2010, 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. That same year, BoB also opened a branch in New Zealand.

Bank of Baroda and Manipal University have established the Baroda Manipal School of Banking, which offers a Postgraduate Diploma in Banking & Finance (PGDBF) from Manipal University.


Bank of Baroda financials 2012

Sales INR 24,695 crores
Profits INR5,006 crores
Assets INR3,58,397 crores