Bank of Baroda
Bank of Baroda (BOB) was established in 20 July 1908 by Sayajirao Gaekwad. It is an Indian nationalised banking and financial services company with its Head Office at Mandvi, Baroda and Corporate Office at Mumbai. It is under the ownership of Ministry of Finance, Government of India. It is the third largest nationalised bank in India, with 132 million customers, a total business of US$218 billion, and a global presence of 100 overseas offices.The logo of BOB is a unique representation of a universal symbol. It comprises dual ‘B’ letterforms that hold the rays of the rising sun. The single-colour, compelling vermillion palette has been carefully chosen, for its distinctiveness as it stands for hope and energy. Bank of Baroda is a pioneer in various customer centric initiatives in the Indian banking sector. The initiatives include setting up of specialized NRI Branches, Gen-Next Branches and Retail Loan, Factories/ SME Loan Factories with an assembly line approach of processing loans for speedy disbursal of loans.Bank is carrying out CSR activities through RSETIs and FLCC centres and other CSR activities as Donations and contributing actively to the socio-economic development through various activities in following areas: Skill development through training programs to Youth, Health care, sanitation, Drinking water facilities, Education/Literacy, Women empowerment, Social Welfare/ Economic Development and Promotion of Digital payment & Others.Bank of Baroda was awarded ‘Golden Peacock HR Excellence Award’ for the year 2020 for Excellence in Human Resources Management.They also won 2 awards in The L&D innovation platform and tech summit & awards 2020 for their Online Learning initiatives and Learning platform implementationTheir shareholding pattern consists of Promoters and Promoter Group having 63.97% of shares, Public having 13.70% shares, following by FII’s having 7.87% shares and DII’s with 14.46% shares.
