Bank of Baroda offers various banking and treasury services to individuals, businesses, and corporations principally in India. Its treasury operations include dealing in Government and other Securities, Money Market Operations and FOREX operations in India. The bank accepts various types of deposits, such as fixed, current, and savings. As of March 31, 2005, the bank had 170 ATMs connected to 276 branches in 31 cities. As of October 20, 2007, the bank had presence in 23 countries with 65 overseas offices and one joint venture (9 branches). The bank had 2696 branches in India. The bank also offers housing, home, education, vehicle, consumer durables, personal, marriage, festival and other loans, as well as advance against securities, overdraft against property loan, loan to pensioners and defense pensioners. The bank provides various loans and advances, such as working capital finance, term finance, short term corporate loans, sub-PLR advances, project finance, and infrastructure finance to businesses and corporates. In addition, it offers other services, such as credit cards, debit cards, remittances, collection services, ATMs, and lockers. The bank’s international activities include NRI banking, FGN. Currency credits, EXT. Commercial borrowings, FCNR (B) loans, offshore banking, export finance, import finance, trade finance, international treasury and correspondent banking. The bank offers services such as Baroda Money Express, collection service, ECS, Internet/ Mobile banking, bill payment. It also engages in appraisal & merchant banking; and cash management & remittances. The bank also has operations in Bahamas, Belgium, Botswana, Fiji Islands, Guyana, Hong Kong, Kenya, Mauritius, Seychelles, South Africa, Sultanate of Oman, Uganda, United Arab Emirates, the United Kingdom, the United States, and Zambia. The Bank has opened Gen-Next, a youth-oriented branch. Gen-Next has a special area called the Yo! Zone, where customers can watch their favorite movies, sports or video channels. It also comprises a reading lounge has also been created where customers can browse through books and magazines, and also surf the Net. The bank has launched four new products for the youth segment - Gen-Next Lifestyle, Gen-Next Power, Gen-Next Suvidha and Gen-Next Junior. Significant Events In April 2007, The Reserve Bank of India (RBI) approved the proposal of the Bank of Baroda to set up a 3-way joint venture in Malaysia with the Punjab National Bank and Andhra Bank. In March 2009, Tata Motors Ltd. has entered into an understanding with Bank of Baroda and Dena Bank for financing its range of passenger vehicles. Bank of Baroda offers car loans up to 85% of the invoice price, for tenure ranging up to 7 years, at a rate of 10.5% p.a. This tie-up would provide a single window for both cars as well as car loans. In August 2009, Bank of Baroda announced that four branches at Peelamedu in Coimbatore, Villupuram, Sivakasi and Pudukottai in the Tamil Nadu region were operationalised. With this expansion, the Tamil Nadu region of the bank, comprising all but Chennai Metro and its adjoining areas, would have 29 branches in urban, 28 in the semi-urban, and 24 in rural areas. History Bank of Baroda was established by Sayajirao Gaekwad III in 1908.
bank of baroda
(BOB:National Stock Exchange of India)
Phone: 91 26 5256 3932
Fax: 91 26 5256 2445www.bankofbaroda.com
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