Bank of Baroda is a popular public sector bank of India which has a large number of branches in all over the country, According to the data of 2017 Bank of Baroda is ranked as 1145th Bank on Forbes Global 2000 list. Bank of Baroda has a branch network of 6000 branches in India and outside the India. This bank has also about 11000 ATM in all over the country. If we talk about the assets of Bank of Baroda then we find out that this bank has total assets of RS 6948.75 billion which is approx 100 billion US Dollar, In terms of revenue Bank of Baroda have revenue of around RS 421.99 billion which equals to 6.6 billion US Dollar. This Bank has nine main products right now which are listed below –
- Consumer Banking
- Corporate Banking
- Credit Cards
- Finance and Insurance
- Investment Banking
- Mortgage Loans
- Private Banking
- Private Equity
- Wealth Management
So these are some current facts about this bank now I am going to tell you some details about the history of Bank of Baroda which is discussed in the next paragraph.
Bank of Baroda was established by Maharaja Sayajirao Gaekwad 3 in the year 1908, after the two years of the establishment of this bank, the founders decided to open its first branches in Ahmadabad. Later on, the bank of Baroda opened many branches inside the country as well as outside the country. If we talk about the Bank of Baroda mergers with the other bank then we see that this bank has merged with around ten small sectors as well as the large sectors of Banks in the different years, these banks are illustrated below in the points.
- Hind Bank Ltd (1958)
- New Citizen Bank of India Ltd (1961)
- Surat Banking Corporation (1963)
- Tamil Nadu Central Bank (1964)
- Umbergaon People Bank (1964)
- Traders Bank Limited (1988)
- Bareilly Corporation Bank Ltd (1998)
- Benares State Bank Ltd (2002)
- South Gujarat Local Area Bank Ltd (2004)
- Memon Cooperative Bank Limited (2011)
So above you see those banks which are merged with Bank of Baroda. This Bank also gets the Nationalized certificate by the government of India in the year 1969. Right now this Bank is an effective financial backbone of Indian Banking System.
If you have any kind of need to find out the details for the Bank of Baroda Branches IFSC Code, MICR Code, SWIFT Code, Toll Free Number and other details related to this bank then you can easily find out information about it on our website “Ask Bank IFSC Code” where we managed to put all the information related to this topic in a well logical way for the convince of our viewers.