Tell us about the idea behind establishing Bank of Baroda.
Bank of Baroda was founded on July 20, 1908, by Maharaja Sayajirao Gaekwad III in the Baroda state, now in Gujarat. Maharaja Sayajirao undertook many progressive reforms for the economic development of the state. One among these was establishing the Bank of Baroda. Its first branch was set up in Mandvi area.
Where does the bank stand at present?
It has come a long way and is today recognised as a world-class, highly respected Indian financial services institution with presence across the country as well as in 17 other countries. After 115 years, in 2023, it became India’s second-largest public-sector bank with a total business of Rs 21,73,236 crore as of March 31, registering a growth of 16.6% year on year.
This story is from the August 2023 edition of Outlook Business.
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This story is from the August 2023 edition of Outlook Business.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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