PUBLIC SECTOR BANKS IN INDIA -BANK OF BARODA
PUBLIC SECTOR BANKS OF INDIA – BANK OF BARODA
Bank of Baroda (BoB) is the third largest bank in India, after the State Bank Of Baroda and the Punjab National Bank and ahead of ICICI Bank. BoB is ranked 763 in Forbes Global 2000 list. BoB has total assets in excess of Rs.358 lakh crores, or Rs.3583 billion, a network of over 3409 branches and offices, and about 1657 ATMs.
It plans to open 400 new branches in the coming year. It offers a wide range of banking products and financial services to corporate and retail customers through a variety of delivery channels and through its specialized subsidiaries and affiliates in the areas of investment banking, credit cards and asset management. Its total business was Rs.5452 billion as of June 30.
In its international expansion, the Bank of Baroda followed the Indian diaspora, especially that of the Gujaratis. It has significant international presence with a network of 72 offices in 25 countries, six subsidiaries, and four representative offices. Among the Bank of Baroda 85 overseas branches are ones in the world major financial centers (Such as NewYork, London, Dubai, Hong Kong, Brussels and Singapore) as well as a number in other countries.