- Business
- Bank of Baroda Limited (BANKBARODA.BO) operates as India's second-largest public sector bank, providing comprehensive retail, corporate, and international banking services; personal and home loans; business loans and vehicle financing; fixed, recurring, and savings deposits; credit and debit cards via subsidiary BOBCARD Limited; wealth management and investment products; NRI banking; gold loans; digital platforms including bob World mobile app and internet banking; and payment services such as ECS and collections. The bank, founded in 1908 by Maharaja Sayajirao Gaekwad III and headquartered in Vadodara, Gujarat, with a corporate centre in Mumbai, maintains an extensive domestic network across all Indian states and union territories alongside international operations in 17 countries through 107 branches and subsidiaries like Bank of Baroda (UK) Ltd., Bank of Baroda (Kenya) Ltd., and joint ventures including India International Bank Malaysia Berhad. It serves over 165 million customers in segments spanning individuals, SMEs, corporates, agriculture, and government entities. Recent developments include the 2019 amalgamation with Vijaya Bank and Dena Bank, enhancing its scale to over 9,500 branches; a strategic partnership with solar startup Aerem in April 2025 for financing solutions; approval in October 2024 for Bank Dhofar to acquire its Oman branch as part of foreign operations rationalization; and a new strategic alliance with Mayank Group announced in August 2025.