Top 10 Banks in India 2017

Posted in Top Brand Lists, Total Reads: 6872

6. Bank of Baroda

Bank of Baroda is one of the largest and fastest growing banks in India which is based out of Baroda, Gujarat.

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India’s International Bank, as they call, Bank of Baroda is a state-owned international banking and financial services company founded on 20th July 1908 by Maharaja HH Sir Sayajirao Geakwad III in the princely state of Baroda in Gujarat. Bank of Baroda was nationalized in 1969.

It has a total asset base over INR 3.58 trillion and has a network of 5493 branches in India and abroad and 10441 ATMs as of September 2016. It has 100+ branches in 24 countries of which 61 branches are of the bank and the remaining the subsidiaries and representative office. It has branches in major financial centers like New York, Dubai, Hong Kong, Brussels and Singapore.

It is headquartered in Vadodara, India. P.S.Jayakumar is the present CEO and MD of the company and Ravi Venkatesan is the present Chairman. The tagline of Bank of Baroda is "India's International Bank". Bank of Baroda was ranked 21st amongst Best Indian Brands 2016 in Brand Equity – The Economic Times dated 31st August to 6th September, 2016.

During its journey so far it has acquired or had a merger with many banks some of which include Hind Bank Ltd, New Citizen Bank of India Ltd, Surat Banking Corporation, Tamil Nadu Central Bank, Umbergaon People Bank , Traders Bank Limited, Bareilly Corporation Bank Ltd, Benares State Bank Ltd, South Gujarat Local Area Bank Ltd, Memon Cooperative Bank Limited.

Interest Earned (Cr): Rs42339

Net Profit (Cr): Rs1228

Return of Asset: 0.15%

Net NPA(Cr): Rs19006

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