The bank has a rich history and was founded in 1908 by Sayajirao Gaekwad III, the then-king of Baroda. From its first branch in Gujarat’s Mandvi, Bank of Baroda has now become the second-largest public sector bank in India.
Not just in India, Bank of Baroda has branches all across the globe. The bank has expanded its operations across 17 countries.
Bank of Baroda, along with 13 other major commercial banks, was nationalised on 19 July 1969. The Government of India holds a 63.97% stake in Bank of Baroda while FII and public shareholdings stand at 12.39% and 7.64% as of September 30, 2023.
It expanded its operations to Bombay a decade after its establishment with the opening of the first branch in the city in 1918. Bank of Baroda started its first overseas operations with two branches in Mombasa (Kenya) and Kampala (Uganda) in 1953, becoming one of the first lenders from India to offer financial services abroad. It opened its London branch in 1957.
The public sector lender has a market capitalisation of ₹1,11,632 crore as of December 11, 2023. Bank of Baroda share price has surged more than 228% in the last three years.
Bank of Baroda serves 15.3 crore customers through its wide network of branches and offices. The Baroda-headquartered bank has 8,209 branches across India (as of November 30, 2023) and 92 overseas branches and offices.
The bank's solutions include personal banking, business banking, corporate banking and international business. Bank of Baroda offers different financial products such as personal loan, vehicle loan, housing loan, credit card, life insurance, mutual funds, business loan and fixed deposits (FDs).
Bank of Baroda’s subsidiaries include BOB Capital Markets Ltd, Baroda Global Shared Service Ltd, India First Life Insurance Company Ltd, Baroda BNP Paribas Asset Management India Private Ltd, Baroda BNP Paribas Trustee India Private Ltd and BarodaSun Technologies Ltd, among others.
It also operates regional rural banks like Baroda Uttar Pradesh Gramin Bank, Baroda Rajasthan Gramin Bank and Baroda Gujarat Gramin Bank.
Bank of Baroda’s overseas operations include branches at financial centres like New York, London, Dubai, Hong Kong and Singapore. The bank’s global services include Non-Resident Indian (NRI) services, foreign currency credits, offshore banking, export finance, import finance, correspondent banking, trade finance and international treasury.
The public sector lender’s net profit almost doubled in FY23 compared to the previous fiscal while its total business recorded strong growth. The bank’s net interest income also registered healthy growth while the net non-performing assets (NPA) dropped in FY23.
In FY 23, Bank of Baroda’s total business increased to 16.6% year-on-year to ₹21,73,236 crore from ₹18,64,059 crore in FY22. Net profit surged 94% year on year at ₹14,109.62 crore in FY23 as against ₹7272.28 in the previous financial year. Net interest income (NII) surged 26.8% year-on-year in FY23 to ₹32,622 crore compared to ₹41,355 core in FY22. Net interest margin surged by 28 bps YoY in FY23 to 3.31% from 3.03% in FY22. The net NPA ratio dropped by 83 bps YoY from 1.72 in FY22 to 0.89 in FY23.
As of 25 May 2026, Bank of Baroda share price is ₹272.25. The stock opened at ₹268.00, compared to its previous close of ₹265.40. During today's trading session, Bank of Baroda share price moved in the range of ₹267.30 to ₹273.00, with an average price of ₹270.15 for the day. Looking at its last 52-week, the stock has touched a low of ₹267.30 and a high of ₹273.00. On the performance front, Bank of Baroda share price has declined by 5.22% over the last six months and is up 12.02% on a year-on-year basis.
The market capitalization of Bank of Baroda is ₹1,37,041 Crs, with a P/E ratio of 6.8 and a dividend yield of 3.21%.