Bank of Baroda (BOB) is an Indian multinational banking and financial services company. It is India’s third largest public-sector bank with 131 million clients, a combined US$ 218 billion company, and 100 overseas offices worldwide. Based on 2019 data, Forbes Global 2000 list ranks 1145.
India’s government declared Bank of Baroda, Vijaya Bank and Dena Bank’s merger on September 17 , 2018 to create the country’s third largest lender. The amalgamation is the country’s first three-way bank restructuring with a combined Rs14.82 trillion (short-scale) company making it the third largest bank after State Bank of India ( SBI) and ICICI Bank.
Baroda’s Maharaja, Maharaja Sayajirao Gaekwad III, established the bank in Gujarat on July 20, 1908. On July 19 , 1969, India’s government nationalised the bank along with 13 other large Indian commercial banks; the bank was classified as a profit-making public sector undertaking (PSU).
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- For-profit or non-profit? Profit
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- Approved by RBI
- Certifications 2- awards in The L&D innovation platform
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