Bank of Baroda History
Bank of Baroda began as “The Bank of Baroda Limited”, in 1908 in Baroda. It was founded by the great visionary the late Maharaja of Baroda – Sir Sayajirao Gaekwad-III. On 18 July 1908, an auspicious day, the Maharaja took an elephant ride to a small rented office in the heart of the city. He arrived before 11 am, and deposited a silver plate filled with 101 gold coins – Bank of Baroda’s first deposit.
In 1953, the Bank opened its first overseas branch at Mombasa, Kenya. During the period 1953-1969, the Bank opened three branches in Fiji, five branches in Kenya, three branches in Uganda and one each in London and Guyana. Between 1969 to 1974, we established three branches in Mauritius, two branches in UK and one branch in Fiji. A significant development in the sphere of overseas operations was the entry of the Bank in the oil rich Gulf countries in 1974 when two branches were opened in UAE, one at Dubai and another at Abu Dhabi.
A committee in 1955 suggested that 10 state banks, including Bank of Baroda, should be amalgamated with State Bank of India. But Bank of Baroda had already expanded beyond the state, and even abroad. It handled no government business, as Baroda was now part of Bombay, and it was served by Imperial Bank of India. In 1959, The State Bank of India Subsidiaries Act was passed, and Bank of Baroda did not figure in the list to which the legislation was to apply.
The bank was nationalized in 1969.
Logo: The Baroda Sun
The logo is a unique representation of a universal symbol. It comprises dual ‘B’ letterforms that hold the rays of the rising sun. BoB call this the Baroda Sun. The sun is an excellent representation of what the Bank stands for. It is the single most powerful source of light and energy. Its far-reaching rays dispel darkness to illuminate everything they touch.
Tagline: India’s international bank