Bank Of Baroda Swot Analysis

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3. Bank of Baroda

Its headquarter is in Vadodara, Gujarat, India and corporate office in Mumbai. Bank of Baroda is one of the big four banks of India alongwith ICICI, SBI & PNB. The bank posses 5307 branches in India and more than 8000 ATMs. It is ranked 801 on Forbes Global 2000 list. The assets of the bank is more than Rs.3.58 trillion.

The Bank of Borada was founded by the Maharaja of Baroda, Maharaja Sayajirao Gaekwad-III on 20 Jul 1908 in Gujarat. The bank has been designated as profit making public sector undertaking (PSU) by the Government of India. The bank nationalized on 19 Jul 1969.

In the year 2015, BOB officials alleged for transfer of Rs.6172 cores in foreign exchange made to Hong Kong through newly opened accounts in the Ashok Vihar Branch.

History

From 1908 to 1959, Maharaja Sayajirao Gaekwad-III set up Bank of Baroda with other industries such as Sampatrao Gaekwad, Ralph Whitenack, Vithaldas Thakersey, Tulsidas Kilachand and NM Chokshi. After 02 years, Bank of Baroda’s first branch is sets up in Ahmedabad. In 1953, bank opens his overseas branches in Kenya and Uganda to serve the Indians. Afterward, in 1956 & 1957, bank opens another branches in Tanzania and specially in London being important international banking hub. Bank gone for his first domestic acquisition (viz. Hind Bank) in 1958.

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The bank has three banking offices, two in Gaberone and one in Francistown. In 2002, BOB converted its subsidiary in Hong Kong from deposit taking company to a restricted license bank. In 2002 bob acquired benares state bank (bsb) at the reserve bank of india’s request. The acquisition of bsb brought bob 105 new branches. In 2004 BOB acquired the failed Gujarat Local Area Bank. BOB also opened a representative office each in Kuala Lumpur, Malaysia, and Guangdong, China. In 2005 & 2006, BOB also opened a representative office in Thailand and established an Offshrore Banking Unit (OBU) in

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