Bob Bank History

Hey Buddy, I want to know the History of Bank of Baroda (BoB) so will you please tell me?

[pawan]

Bank of Baroda (BoB) is an Indian state-owned International banking and financial services company headquartered in Vadodara in Gujarat, India.

The bank was founded by the Maharaja of Baroda, Maharaja Sayajirao Gaekwad III on 20 July 1908 in the Princely State of Baroda, in Gujarat.

The bank was nationalised on 19 July 1969, by the Government of India and has been designated as a profit-making public sector undertaking (PSU).

It is the second largest bank in India, next to State Bank Of India.

Its headquarters is in Vadodara, it has a corporate office in Mumbai.

In 1958 BoB acquired Hind Bank (Calcutta; est. 1943), which became BoB's first domestic acquisition.

In 1974, BoB opened a branch each in Dubai and Abu Dhabi.

In 1980, BoB opened a branch in Bahrain and a representative office in Sydney, Australia. BoB, Union Bank of India and Indian Bank established IUB International Finance, a licensed deposit taker, in Hong Kong.

As many as 10 banks have been merged with Bank of Baroda during its journey so far:

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)