Bank of Baroda Limited

Can you provide me the details of BOB or Bank of Baroda as I want to know it before taking up any services offered by it in India?

Bank of Baroda is an Indian state-owned banking and financial services company headquartered in Vadodara (Baroda) in Gujarat, India and corporate office in Mumbai.

It is one of the Big Four banks of India, along with ICICI Bank, State Bank of India and Punjab National Bank.

It, along with 13 other major commercial banks of India, was nationalized in 1969, by the Government of India and has been designated as a profit-making public sector undertaking (PSU).

Based on 2014 data, it is ranked 801 on Forbes Global 2000 list. It has total assets in excess of Rs. 3.58 trillion, a network of 5307 branches in India and abroad, and over 8000 ATMs.

BOB Capital Markets (BOBCAPS) is a SEBI-registered investment banking company based in Mumbai, Maharashtra. It is a wholly owned subsidiary of Bank of Baroda.

Its financial services portfolio includes initial public offerings, private placement of debts, corporate restructuring, business valuation, mergers and acquisition, project appraisal, loan syndication, institutional equity research, and brokerage.

Bobcards Ltd is a credit card company, 100% subsidiary of Bank of Baroda. The company is in the business of Credit cards, Acquiring Business & back end support for Debit cards operations to Bank of Baroda.

It had introduced its first charged card named BOBCARD in 1984. The whole operation of card was managed by Credit card division of Bank of Baroda.

It established a wholly owned subsidiary, Bobcards Limited in 1994 to cater to the need of rapidly growing credit card industry in a focused manner.

BOBCARDS Ltd is the first Non-banking company in India issuing credit cards.

IndiaFirst Life Insurance Company is a joint venture between Bank of Baroda (44%) and fellow Indian state-owned bank Andhra Bank (30%), and UK’s financial and investment company Legal & General (26%).

It was incorporated in November, 2009 and has its headquarters in Mumbai. The company started strongly, achieving a turnover in excess of Rs. 2 billion in its first four and half months

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