Bank of Baroda history, profile and history video
Bank of Baroda provides commercial banking services. The bank operates in wholesale banking, retail banking, rural and agricultural banking, wealth management, mobile and Internet banking. Its offerings include deposits, commercial and institutional credit, project finance, treasury, forex, investment and risk management and other related financial services. The bank operates through four segments: Treasury, Corporate/Wholesale Banking, Retail Banking and Other Banking Operations. The Treasury segment engages in the bank’s domestic treasury operations and covers activities in various markets, which include foreign exchange, interest rates, fixed income, derivatives, equity and other alternative asset classes. The Corporate/Wholesale Banking segment offers an array of loan products and services, which include term, short-term and demand loans, working capital facilities, trade finance products, bridge, syndicated, infrastructure and foreign currency loans, loan against future rent receivables and many more to its large and mid-corporate clients depending upon their needs. The Retail Banking segment products include home, auto, education, traders and mortgage loans. The Other Banking Operations segment includes other banking operations and nonbanking operations. Bank of Baroda was founded by Sayajirao Gaekwad III on July 20, 1908, and is headquartered in Vadodara, India.“
“Bank of Baroda Heritage
It all started with a visionary Maharaja’s uncanny foresight into the future of trade and enterprising in his country. On 20th July 1908, under the Companies Act of 1897, and with a paid-up capital of Rs 10 Lacs started the legend that has now translated into a strong, trustworthy financial body, THE BANK OF BARODA.
It has been a wisely orchestrated growth, involving corporate wisdom, social pride and the vision of helping others grow, and growing itself in turn.
The founder, Maharaja Sayajirao Gaekwad, with his insight into the future, saw “a bank of this nature will prove a beneficial agency for lending, transmission, and deposit of money and will be a powerful factor in the development of art, industries and commerce of the State and adjoining territories.”
*Information from Forbes.com and Bankofbaroda.com
**Video published on YouTube by “Technotronix“