Bank of Baroda
NSE: BANKBARODA BSE: 532134
₹321.95
(-0.77%)
Wed, 11 Mar 2026, 04:21 am
Market Cap1664.4B
PE Ratio8.55
Dividend2.59
Finance
Major Banks
24.5KCompany History
1969
- Established by Central Government Ordinance on July 19 as Government of India undertaking; Ordinance replaced by Banking Companies (Acquisition and Transfer of Undertakings) Act, 1969.
- Established Non-resident Portfolio Management Consultancy Cell; closed 2 UK branches and 1 UAE branch; Bangladesh branch non-operative.
1970
- Set up Income-Tax consultancy services in September.
- Subsidiaries: Bank of Baroda (U.K.) Nominees Ltd., Bob Fiscal Services Ltd., Bank of Baroda (Kenya) Ltd.
1986
- Sponsored and set up five RRBs, total 19.
- Rs 16 crores capital subscribed by government.
1988
- Amalgamated Trades Bank Ltd.
- Rs 14 crores capital subscribed by government; Rs 5.5 crore reimbursement from World Bank.
1989
- Rs 891,47,850 capital subscribed by government.
1990
- Rs 2704,41,129 capital subscribed by government.
1991
- Rs 11,491.97 lakhs capital subscribed by government.
1992
- Rs 9158.43 lakhs capital subscribed by government.
1993
- Rs 409,34,000 capital subscribed by government.
- Received RBI in-principle approval for credit card subsidiary.
- Established department for custodian of GDR/ADR shares; agreement with Bank of New York.
- Lead managed 142 issues worth Rs 3411 crore; considered merchant banking subsidiary.
1994
- Rs 1,63,30,000 capital subscribed by government.
1995
- Rs 163,93,59,000 capital from reserve fund.
1996
- Launched deposit schemes BOB SUVIDHA and BOB CAPITAL GAINS EXEMPTION DEPOSIT.
- Introduced fast track credit for A+/A clients and schemes for leasing, hire purchase, infrastructure.
- BOB Capital Markets lead managed issues aggregating Rs 40.541 lakhs; BOB Housing Finance disbursed Rs 21 crore.
- Returned 38.1 million equity shares to government; issued 10 million shares to public at Rs 75 premium.
1997
- Received RBI permission for Durban branch in South Africa.
- Planned survey for branches in West Bengal, Sikkim, North-East.
- Planned to wholly own IOB Bank in Hong Kong.
- Planned alliance with foreign bank for merchant banking.
- Bobcards achieved 40% profit growth in first half.
- New York branch received highest US Fed rating.
1998
- First public sector bank to implement autonomy package.
- Launched BoBGLOBAL VISA credit card for international use.
- Planned restructuring of international operations for euro.
- Bobcards sought JV partners.
- Considered separate subsidiary for international business.
- Second largest resource base after State Bank of India.
- Revised FCNR(B) deposit rates twice.
1999
- Coordinated with finance ministry for DRT in Mumbai.
- Revised FCNR(B) deposit rates.
- Icra assigned LAAA rating to Rs 600 crore bonds.
- Designated clearing bank for castor oil futures.
- Acquired full ownership of Bank of Baroda (Uganda) Ltd.
- Proposed entry into rural-focused insurance.
- Proposed tapping foreign markets for equity.
- S&P revised rating outlook to stable.
2000
- Launched OmniBoB and BoBCash with smart cards at 18 branches.
- Launched e-banking products in Chennai.
- Joined IDBI and ICICI for dues recovery.
- Set up core support group of 500 knowledge workers.
- Opened 104th branch in Kalyan.
- Planned to hold over 50% in life insurance subsidiary.
- Launched seven-day banking in Chennai and Mumbai branches.
- Explored tie-ups for insurance, retail lending, and web banking.
- Planned tie-up with PNB for life insurance subsidiary.
- In talks for life insurance JV with foreign company.
- Planned any branch banking nationwide within 18 months.
- Became depository participant with CDSL.
2001
- Planned major expansion of ATM network.
- Tied up with US IT company for Rs 300 crore IT infrastructure.
- Crisil assigned AAA rating to Rs 600 crore subordinated bonds.
- Bank of Baroda Housing Finance disbursed Rs 50 crore for rural housing.
- Signed redeployment policy with union.
- Lowered FCNR(B) deposit rates.
2002
- Nominated N S Mhatre, Anand Sinha, Vinod Rai as Directors.
- Elected Amritlal Sanghvi, M J Manohar Rao, Pradip N Khandwalla, Prem P Pareek as Directors.
- Merged Benares State Bank effective June 20.
- Approved public offer for Bank of Baroda (Uganda) Ltd.
- RBI granted BoB Capital Markets primary dealer status.
- Introduced special policies for Gujarat riots victims.
- Decreased deposit rates by 25-50 basis points.
- Reduced floating rate on home loans by 0.75%.
- Launched international debit card with Visa.
- BOBCARDS tied up with Cholamandalam for co-branded credit cards.
- Shifted Central Office to Bandra.
- Unveiled flexi-deposit scheme for corporates.
- Contributed Rs 1 lakh for Akshardham temple repairs.
2003
- Decreased interest on domestic term deposits by 25-75 basis points.
- Received government approval to raise Rs 600 crore through bonds.
- Unveiled Super Savings Account.
- Appointed IBM, HP, and Accenture for Business Process Reengineering.
- Enabled single-window banking across 2200 branches.
- Cut lending rates by 25 basis points.
- Extended Super Savings scheme to Coimbatore.
- Tied up with Bharat Overseas Bank for credit cards in South India.
- Amended interest rates for FCNR(B) deposits.
- Acquired 10% stake in IFCI's Asset Care Enterprise.
- Signed MOU with SIDBI for co-financing small scale industries.
2004
- Mobilized Rs 300 crore through Tier II bonds.
- Nominated G K Sharma as Director.
- Appointed S P Garg as Managing Director of Bobcards Ltd.
- Appointed A K Khandelwal as CMD of Dena Bank.
- Selected for channelising government credit to other countries.
- Tied up with Punjab Tractors, L&T John Deere, Escorts, Indo Farm, TAFE, and M&M for tractor financing.
- Joined hands with NIC for non-life insurance products.
- Entered China.
- Appointed T.V. Lakshminarayanan as Head of South Zone.
2005
- Appointed Dr A K Khandelwal as Chairman & Managing Director.
- Signed contract with HP India for IT-enabled business transformation.
- Unveiled new logo and appointed Rahul Dravid as brand ambassador.
- Signed co-financing agreement with SIDBI.
- Amalgamated three sponsored RRBs into Baroda Gujarat Gramin Bank.
- Signed Memorandum of Cooperation with EXIM Bank.
- Unveiled campaign for tractor and irrigation advances.
2006
- Entered MoU with IDFC for infrastructure financing.
- Unveiled first SME loan factory in Pune.
- Nominated G C Chaturvedi as Director.
2007
- Entered MoU with India Infrastructure Finance Company for infrastructure financing.
- Signed MoU with Andhra Bank and Legal & General Group for life insurance JV.
- Appointed Atul Agarwal as part-time non-official Director.
2008
- Appointed Smt. Shahid as Director.
2009
- Cut deposit rates by 50 basis points across maturities.
- Appointed Dr. Masarrat Shahid as part-time non-official Director for second term.
2010
- Appointed N. S. Srinath as Executive Director.
- Launched Mobile Micro Loan Factory in Sultanpur, Uttar Pradesh.
- Signed MoU with UIDAI to act as UID registrar.
- Signed MoC with Dubai Multi Commodities Centre.
- Nominated Satya Dev Tripathi as part-time non-official Director.
2011
- Hiked FD interest rates for different maturities.
- Hiked Benchmark Prime Lending Rate and Base Rate.
2012
- Hiked interest rates on domestic term deposits by up to 2.5%.
- Reduced home loan rates by 25 basis points.
2013
- Reduced BPLR, Base Rate, deposit rates, and CRR by 25 basis points.
- Revised interest rates on deposits.
- Raised fixed deposit rates by 0.50% on select maturities.
- Launched National Pilot Agri Loan Factory at Himatnagar, Gujarat.
- Sought Rs 1800 crore capital infusion from government.
2014
- Revised interest rates on domestic and NRE term deposits.
- London Branch issued USD 750 million Fixed Rate Senior Unsecured Notes.
- Shares rose after RBI restricted FIIs from buying additional shares.
- Raised funds via private placement of AT-1 Bonds.
2015
- Raised funds via private placement of Basel III compliant AT-1 Bonds of Rs 1000.
- Slashed base rate by 25 basis points to 10%.
- Reduced base rate and BPLR by 10 basis points.
- Reduced base rate and BPLR by 25 basis points.
2016
- Opened 111th branch in Andhra Pradesh.
- Entered MoU with Heritage Foods.
2017
- Awarded winner in Agricultural Banking by ASSOCHAM.
- Entered MOU with CGR Collateral Management Ltd.
- Won 4 awards at 57th ABCI Awards.
- Launched Baroda Finathon Challenge Hackathon.
- Won PFRDA award for APY Campaign.
- Won three awards under Atal Pension Yojana.
- Won Silver Award for Best Social Media Brands in Bank category.
2018
- Received Banking Frontiers Finnoviti 2018 Award for Financial Inclusion.
- NERL tied up for pledge finance.
- Awarded Best Bank in Supply Chain Finance.
- Launched Baroda Kisan Diwas for World Food Day.
2019
- Bagged award for Best In Class Fintech Initiatives.
- Bagged CSR Excellence award.
- Introduced interoperable services across all branches.
- Launched Start-Up Branches in 10 cities.
2020
- Launched initiatives to improve tractor financing.
- Launched Digital Lending Platform for paperless retail customer process.
- Launched festive offers for home and car loans.
- Awarded Golden Peacock HR Excellence Award for 2020.
2021
- Launched full-service digital banking ecosystem bob World.
- Launched bob World Wave wearable payment solution.
- Launched WhatsApp Banking Service in Hindi.
2022
- Acquired 21% stake of Union Bank of India in India First Life Insurance Company Limited.
- Offers facility to receive banking transaction details in customer's preferred language.
- Signed MoU with Assam Rifles for Central Forces Salary Package.
- Launched WhatsApp Banking Service in Hindi.
- Partnered with Reserve Bank Innovation Hub for financial inclusion of women using technology.
2023
- Launched bob BRO Savings Account for students.
- Named Best Public Sector Bank by State Forum of Bankers' Clubs Kerala.
2024
- Signed MoU to jointly finance power and infrastructure projects.
2025
- Announced partnership with Sachin Tendulkar as Global Brand Ambassador.
- Awarded First Prize under Rajbhasha Kirti Puraskar for 2023-2024.
- Launched Phygital Branches.
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