Bank of Baroda

Bank of Baroda (BoB) is an Indian bank with more than 100 years of history specialized in offering financial and banking services worldwide. It is in the top 3 of the largest banks in India.

History

Maharaja Sayajirao Gaekwad III created it in 1908. Quickly, it began to grow by opening its first branch in Ahmedabad. After World War II, it continued to establish offices and branches outside the country, such as Mombasa, Kampala, Nairobi, Dar-es-Salaam, and London. In 1958, it made its first acquisition, Hind Bank. From that moment, it began to consolidate with more acquisitions such as New Citizen Bank of India (1961), Surat Banking Corporation (1963), Bank of India in Uganda (1972), and more. Since the 1970s, it maintained its pace of international expansion by opening branches in Oman, Belgium, Bahamas, Australia, Mauritius, and many more. Thanks to the number of mergers it has presented and the number of national and international branches, it is one of the most important banks in the country.

Routing Number

The route number consists of 9 digits that represent the efficiency and guarantee in a bank transfer: 026005322.

Number of Employees

The bank has approximately 86,170 employees.

Rating

The rating is the evaluation of a bank and the risks it can take in case of not paying a debt. Moody’s, S&P, and Fitch are the agencies in charge of it.

Bank of Baroda has a rating of:

  • Moody’s = Baa2.
  • Fitch = BBB-.

Baa2 (Moody’s) = It has moderate credit risk.

BBB- (Fitch) = The entity has maximum security.

Headquarters

The headquarters of the entity is in the city of Vadodara, Gujarat, India.

Website

If you want to know more about this bank, enter through its website: https://www.bankofbaroda.com/.

Services

  • Personal Banking: The bank provides deposit services, savings accounts, loans (mortgage, vehicles, educational, personal), investments, insurance (life, health, general), digital services (payments, instant banking, etc.).
  • Business Banking: The entity allows commercial clients to make deposits and loans. Also, it offers treasury, credit, commerce, and corporate and international banking services.

Contact

  • Address:  Baroda Bhavan, 7th Floor, R.C. Dutt Road, Vadodara-390 007, (Gujarat) India.
  • Phone Number: +91 22 2652 9981