Bank of Baroda (104 to 204)
Recommended on: 17-July-2022
Recommended Price: 104
Today’s High: 204
Return Till Date: 96.15%
Date High Made: 04-July-2023
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Bank of Baroda: A Leading Public Sector Bank in India
Bank of Baroda is one of the leading commercial public sector banks in India, offering a wide range of banking solutions to its customers. In this article, we will discuss the various services offered by Bank of Baroda, its domestic and international presence, subsidiaries, and rural banking services.
Personal Banking Services
Bank of Baroda offers a range of personal banking services, including deposits, gen-next services, retail loans, credit cards, debit cards, services, and lockers.
Business Banking Services
The bank’s business banking services include deposits, loans and advances, services, and lockers.
Corporate Banking Services
Bank of Baroda’s corporate banking services include wholesale banking, deposits, loans and advances, and services.
International Banking Services
The bank’s international business services include non-resident Indian (NRI) services, foreign currency credits, ECB, offshore banking, export finance, import finance, correspondent banking, trade finance, and international treasury.
Rural Banking Services
Bank of Baroda also offers rural banking services, including deposits, priority sector advances, remittance, collection services, pension, and lockers.
The bank offers fee-based services such as cash management and remittance services.
As of December 2020, Bank of Baroda has a strong domestic presence spanning 8,246 domestic branches and 11,553 ATMs & Cash Recyclers supported by self-service channels.
The bank has a significant international presence with a network of 99 overseas branches/offices subsidiaries, spanning 21 countries.
In January 2021, the bank signed a memorandum of understanding (MOU) with the Small Industries Development Bank of India (SIDBI) to support MSME enterprises with an online facility of submitting their loan restructuring proposal. The bank also raised capital through the Qualified Institutional Placement route (QIP) amounting to Rs 4,500 crore during FY 2021.
Bank of Baroda is a leading public sector bank in India offering a wide range of banking services. With a strong domestic and international presence, subsidiaries, and rural banking services, Bank of Baroda is committed to providing exceptional customer service and upholding the highest standards of professional conduct.