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Shareholding Info
  • Promoters
    63.97 %
  • Foreign institutions-FII
    12.39 %
  • Other domestic institutions
    6.19 %
  • Retail and other
    7.64 %
  • Mutual Funds
    9.81 %

About Bank of Baroda

Established over a century ago in 1908, the Bank of Baroda is a state-owned banking institution with its headquarters in Vadodara, Gujarat. One of India’s leading banking institutions, the Bank of Baroda has a vast network of over 8,200 branches, over 10,000 ATMs, over 1,200 self-service e-lobbies, and 20,000 business correspondents. Not limited just to India, the Bank of Baroda also has an international presence, with a vast network of over 100 subsidiary offices located across 20 countries. Some of its subsidiaries include BOB Financial Solutions Limited, BOB Capital Markets, and Baroda Asset Management India Ltd. In addition to this, the bank has also undertaken joint ventures for the sake of life insurance with IndiaFirst Life Insurance Company Limited and India Infradebt Ltd. Bank of Baroda also owns a 98.57% stake in The Nainital Bank and has sponsored three Regional Rural Banks – Baroda Rajasthan Gramin Bank, Baroda Uttar Pradesh Gramin Bank, and Baroda Gujarat Gramin Bank.

Core Activities & Products

The key focus areas of Bank of Baroda’s business operations are as follows:
  1. Accounts:In order to achieve financial targets and build a more financially stable future, the Bank of Baroda offers a wide range of accounts to choose from. These include:
    • Savings Account:When it comes to a savings account, Bank of Baroda offers customers two options – a Baroda Advantage Savings Account and Salary and Pension Solutions for Indian Military Personnel. The former offers you the benefits of parking your savings in a secure and hassle-free manner while earning interest. It comes packed with a range of benefits, including mobile banking, internet banking, options for multiple withdrawals, and no hidden costs. The latter is meant specifically for military personnel and offers a range of benefits, including future-proof insurance, military salary benefits, and loan schemes.
    • Current Account:When it comes to a current account, Bank of Baroda offers customers two options to choose from – Baroda Advantage Current Account and Baroda Premium Current Account.If you opt for the former, you can avail of a range of benefits, such as mobile banking, internet banking, missed call facilities, value-added SMS alert facilities, as well as the Bank of Baroda Vyaapar card (which is a debit card).If you opt for the latter, you stand to benefit from a range of advantages that include unlimited chequebooks, free verification via signature alone, auto and reverse sweep facilities, the Bank of Baroda Vyaapar Business card (with a higher limit meant specifically for individual and proprietorship accounts), internet banking, mobile banking, and POS/QR code facilities.
    • Term Deposit:Meant for both working individuals as well as senior citizens, the Bank of Baroda offers customers the option of investing their corpus of funds in a wide range of term deposits as well. These include the Baroda Tax Savings Term Deposit Account, Baroda SUVIDHA Flexible Fixed Deposit Scheme, Capital Gain Account Scheme, Flexible Recurring Deposit Scheme, Monthly Income Plan, Motor Accident Claims Annuity Deposit, Baroda Recurring Deposit Scheme, Baroda Regular Income cum Recurring Deposit, Quarterly Income Plan, Baroda Short Term Deposits, and Baroda Advantage Fixed Deposits.
  2. Loans:The Bank of Baroda also offers customers a wide range of loans to meet every form of financial requirement. These include home loans, vehicle loans, and even education loans. Loans offered by the Bank of Baroda are characterised by reasonable rates of interest and flexible repayment tenures.

Board of Directors

  • Managing Director and CEO: Sanjiv Chadha
  • Non-Executive Chairman: Dr Hasmukh Adhia
  • Executive Director: Ajay K Khurana
  • Executive Director: Debadatta Chand
  • Executive Director: Joydeep Dutta Roy
  • Director: Amit Agrawal
  • RBI Nominee Director: Parvathy V Sundaram
  • Independent Director: Ajay Singhal

Key Executives

  • Shareholder Director: Srinivasan Sridhar
  • Shareholder Director: Alok Vajpeyi
  • Shareholder Director: Soundara Kumar


Bank of Baroda has a vast network of over 8,200 branches, over 10,000 ATMs, over 1,200 self-service e-lobbies, and 20,000 business correspondents – all across India. In addition to its extensive presence all across India, the Bank of Baroda also possesses a vast network of over 100 subsidiary offices located across 20 countries. Via its subsidiaries in all these countries, the Bank of Baroda is engaged in retail banking activities.

Registered Office:

Head Office,
Baroda House,
Baroda – 390001


The strengths of the company that have had an effect on Bank of Baroda’s share prices and given it a competitive advantage in the market are as follows:
  1. Bank of Baroda employs over 79,000 people, thus offering a source of livelihood to a vast number of individuals all across India.
  2. Being one of the leading banking institutions in India, the bank offers a wide range of products and services to its customers.
  3. Since its inception way back in 1908, the bank has offered world-class services and customer care and hence enjoys great goodwill in the market.
  4. Over the years, with a number of acquisitions made and a series of joint ventures, the Bank of Baroda has further strengthened its position in the Indian banking sector.
  5. With strong branding and advertising initiatives, the bank has been able to capture a lion’s share of the market.

CSR and Sustainability

In addition to carrying out its day-to-day banking services, the Bank of Baroda also actively gives back to society by way of its CSR activities and programmes. By way of its RSETIs and FLCC (Financial Literacy and Credit Counselling Centres) centres, the bank contributes to the development of society, with a specific focus on the following domains:
  • Skill Development – by way of training programs for youth
  • Women Empowerment
  • Promotion of Digital Payments
  • Health care, Sanitation, Drinking Water facilities, and Education/Literacy
  • Social Welfare/Economic Development
Some of its CSR initiatives include:
  1. Women Empowerment:promotion of programs pertaining to gender equality, creation of equal opportunities, financial and educational support, setting up homes and hostels for women, and health care facilities specifically for women.
  2. Education:promotion of access to education, creation of infrastructure and scholarships, research grants, and vocational training of young women.
  3. Eradication of Poverty:promotion of financial literacy and financial inclusion programs, skill training and income generation programs, support to farmers via programs on animal husbandry and farming best practices.
  4. Health:promotion of programs focused on improving maternal health, reducing infant mortality, promoting better hygiene practices, and combating diseases.

COVID-19 Impact

Like all sectors in the economy, the banking sector too was struck by the widespread effects of the Covid-19 pandemic. While the banking sector did take a lesser hit than the others, certain metrics did see a dip. In the financial quarter than ended in December 2021, the bank’s gross domestic advances grew by 3.36% year on year, while domestic loan growth stood at 5%. When it came to advances, the bank did admit that it faced some challenges in the first quarter of that financial year, owing to the pandemic. However, since then, it started making improvements on all metrics. The bank has since witnessed a rise in both corporate and home loans, and in the quarter that just ended in June 2022, recorded a rise in net profits of 63.83%, with the figure standing at Rs. 1943.90 Crores. The bank also witnessed a rise in the total operating income this quarter over the same quarter last year.

Future Prospects

The future prospects of the Bank of Baroda include:
  1. Within the next three years, the Bank of Baroda aims to increase the number of Business Correspondents to 5:1.
  2. With a marked improvement in the return ratio, the bank aims to step up corporate loans to as much as 6%.
  3. The bank aims to raise Rs.2,000 – RS.4,000 Crores via qualified institutions placement (QIP).

Did You Know!

The Bank of Baroda, first founded by Maharaja Sayajirao Gaikwad III in 1908, established its first branch in Ahmedabad way back in 1910. Also, in 1965, the Bank of Baroda established its first international branch in Guyana (a country located on the coast of South America).

Initial Public Offering

The BoB IPO was listed on both the NSE as well as the BSE. It was launched in January 2006, and a total of 63,90,00,000 shares were listed. These equity shares were offered to the public at a price of Rs.210 – Rs.230 per share.

Equity Shares

There was a fall in the price of BoB shares in early August, when the financial institution reported a surge in all numbers and metrics for the quarter, which ended in June 2022. For the quarter that just went by, the bank reported a 79.4% year-on-year growth in standalone profits, which stood at Rs.2,168 Crores. In addition to this, the Bank of Baroda also reported a significant dip in the section pertaining to bad loan provisions. The net interest income of the bank also saw a rise of 12%, standing at Rs. 8,838.4 Crores. With the string of positive metrics reported, all brokerage firms have maintained a ‘Buy’ rating for the BoB share.
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