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Bank of Baroda |
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Bank of Baroda is one of the major banks in India. Ranked as the fifth largest Indian Bank was set up by Maharaja of Baroda Sir Sayajirao Gaekwad III, at Baroda in the state of Gujarat on July 20, 1908. The Indian government nationalized the bank on 19th July, 1969. With almost a hundred year of history the bank has been able to acquire huge assets with network of several thousand banks, offices and ATM counters in India and abroad. Bank of Baroda offers a wide array of banking products and services for the corporate and retail customers. The bank provides services through variety of channels and subsidiaries in various banking disciplines.
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Bank of Baroda has numerous overseas branches with finance centers in London, New York, Dubai and Hong Kong. The retail banking branches are situated in Guyana, Tanzania, Uganda and Kenya. Some of the major banking services of Bank of Baroda are Wholesale Banking, Rural and Agro Banking, SME Banking, Retail Banking and Demat.
The wholesale banking services help the large and mid corporate groups by trading finance products, cash management products, treasury products, bridging loans, syndicating loans and swapping interest rates. There are a variety of long term and short term bank loans under SME loan processes. The short-term loans are provided for genuine business requirements to the small and medium corporate houses, business and trade groups. There should be specific eligibility criteria for that. The medium term loans are offered to extend capital gap and improve the ratio. The retail banking services comprise of potential banking products like retail loans, credit cards, debit cards and deposit products. With the aid of these the customers are provided customized retail banking services. The twenty-four hour ATMs provide the unique opportunity for cash withdrawal, account checking. The rural banking services offer credit to small and marginal farmers, cottage industry entrepreneurs and other people related to agriculture and small-scale industry.
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