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Bank of Baroda

Bank of Baroda was established in the year 1908 making almost a century across 25 countries. The bank initially was started with a small building which is now turned into a new hi-tech centre at Mumbai. The Bank of Baroda provides banking and financial services to almost 25 countries. Maharaja Sayajirao Gaekwad is the founder the bank with a great vision and mission for the welfare of the country. The bank was one of the very few that survived during the 1913-1917 crisis because of its honesty and sincerity towards the work. The “unknown soldiers” behind the success of the bank have struggled a lot and led the bank on right path. The Bank of Baroda has got highly efficient and qualified employees like shri.M.D.Mallya, Chairman and Managing Director of BoB.

The BoB has many branches in India and overseas. The head office is in Baroda with the corporate centre at Mumbai. BoB has over 2897 branches which include 604 metro, 504 urban and 71 foreign branches. The bank has more 40000 employees serving for the customers. The bank provides wholesale banking, retail banking, wealth management, product enquiry, internet banking, rural and agricultural banking. These online banking services include bills payment, Rail ticket booking, transfer of funds, referring of statements, bank updates and these services are available 24/7 for the convenience of the customers.

Bank of Baroda has shown a very strong comeback both in Q2 results and also in the financial market. Though the banking sectors are going through one of the toughest times of the global financial crisis bank of Baroda has shown enough decency in the markets share price. It has recovered very soon after entering into the new lows in the recent trading .The investors are requested to hold on their stocks as BoB is picking up rapidly.

Even with the financial markets tumbling Bank of Baroda has shown a net profit of Rs.395.3 crore versus Rs.327 crore same quarter last year .Provisions gone up by 146.4% which sounds to be a very good number. So, the Bank of Baroda is financially safe and safe with good liquidity position. The bank recently has announced the recruitment of 200 graduates in agriculture sector. The candidates who are interested can visit the bank’s official website for more information.