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1969 - The Bank was brought into existence by a Ordinance issue on 19th July, by the Central Government. The Bank is a Government of India Undertaking and carries on all types of banking business including foreign exchange. The Ordinance was replaced by the Banking Companies (Acquisition and Trasfer of Undertaking) Act, 1969. - Besides managing public issues and giving underwriting support, the Bank established a `Non -resident Portfolio Management Consultancy Cell'. Due to closure of 2 branches in U.K. and 1 branch in UAE, non-operative branch in Bangladesh was not taken into account. 1970 - Income-Tax consultancy services was set -up in September to assist its constituents in the filing of income returns. - Bank of Baroda (U.K.) Nominees Ltd., London is a subsidiary of the Bank. Bob Fiscal Services Ltd., is also a subsidiary of the Bank which handles functions such as merchant banking, equipment leasing, investment banking, inter -corporate deposit, etc. Bank of Baroda (Kenya) Ltd., Kenya is subsidiary of the Bank. 1986 - The bank sponsored and set -up five RRBs taking the total number of RRBs to 19. - Rs 16 crores capital subscribed for by Gov ernment. 1988 - The erstwhile `Trades Bank Ltd.' was amalgamated with the Bank. - Rs 14 crores capital subscribed for by Govt. Rs 5.5 crore reimbursement received from World Bank. 1989 - Rs 891,47,850 capital subscribed for by Govt. 1990 - Rs 2704,41,129 capital subscribed for by Govt. 1991 - Rs. 11,491.97 lakhs capital subscribed for by Govt. 1992 - Rs. 9158.43 lakhs capital subscribed for by Govt. 1993
two new deposit schemes `BOB SUVIDHA'. sche mes to increase credit fluid sectors like leasing. `BOB CAPITAL GAINS EXEMPTION DEPOSIT' was launched to suit the savings requirements of individuals.000 capital subscribed for by Govt.000 No. Can Loan Schemes etc. advances against shares.000 capital subscribed for by Govt.59. .3810.63. 1997 .00. of India. .Rs 163.The bank initiated several measures to bring qualitative improvement in the area of credit. 1994 .000 capital from reserve fund.The bank received `in principle' approval from RBI to set up a separate subsidiary for its credit card business.Rs.30.The Company lead managed 1 public and 5 rights issues aggregating Rs 40. of Equity shares returned to Govt. .The bank was associated as lead manager/co -manager in respect of 142 issues involving a sum of Rs 3411 crores.93.541 lakhs through BOB Capital Markets Ltd. . firms and companies.The Bank devised new products. 409. of Equity shares issued through prospectus to the public at a prem. hire purchase. the bank entered into an agreement with Bank of New York. A fast track systems for processing credit proposals of A+ & A rated corporate client was introduced. BOB Housing Finance Ltd. who act as Depository for issue of GDRs by companies. made a fresh disbursements of Rs 21 crores. were formulated and guidelines were issued for increased lending to infrastructure projects. of Rs 75 per share.000 No.Rs. HUF. 1996 .The bank had established a new department to act as custodian of local shares issued by Indian companies who came out with Euro Issues (GDRs/ADRs) to raise funds from abroad. In addition. 1. Association o f persuing. The bank was activity considering setting up of a separate subsidiary to undertake all types of merchant banking activities.00. Total cumulative loans sanctioned reached Rs 127 crores. 1000. 1995 . With this in view.34. . ..
1997. 1998 . .. Sikkim and North -Eastern States to explore business opportunities and also for setting up new branches.Bank of Baroda (BoB) has received permission from the Reserve Bank of India to open a branch at Durban in South Africa.The Bank of Baroda (BoB) plans to restructure its international operations. particularly in Europe and the United States (US) ahead of the launch of the euro. the European Union's single currency unit.Bank of Baroda (BoB) plans to have an alliance with a foreign bank for merchant banking. is already being accepted by over ten million establishments in over 60 countries. BoB proposes to start operations in the country soon after it receives a banking licence from the South African Reserve Bank (SARB). .BoBGLOBAL.Bank of Baroda has the second largest resource base in the country after State Bank of India. . the first Indian credit card introduced for international use. has achieved a 40 per cent growth in profit before tax in the first half year ended September. . . The proposed venture would manage external commercial borrowings (ECBs) by Indian corporates and ha ndle disinvestment programmes of public sector undertakings. .Bank of Baroda (BoB) proposes to undertake a survey of West Bengal.Bobcards Ltd. . This is for the first time that the US Fed has given the highest rating to any Indian bank branch operating in New York.Bank of Baroda has become the first public sector bank to implement the autonomy package announced by the ministry of finance in November.Bank of Baroda's New Y ork branch has received the highest 1 rating from the US Federal Reserve. . the wholly owned subsidiary of Bank of Baroda is looking for partners to enter into a joint venture.Bank of Baroda is weighting the option of setting up a separate subsidiary dedicated exclusively to its highly profitable international business. with VISA tie -up.Bank of Baroda (BoB) proposes to wholly own the 120 million HK dollars IOB Bank in Hong Kong by increasing its stake from 33 per cent to 100 per cent to make its presence felt in the Far East. a wholly owned subsidiary of Bank of Baroda. 1997. . .Bobcards Ltd. .
. to Rs. 1999 .Bank of Baroda launched its e -banking products in Chennai.Rating agency Icra has assigned the highest rating.Bank of Baroda has revised the rate of interest on FNCR (b) deposits for various maturities for different currencies with effect from November 30. 2000 . . .Bank of Baroda (BoB) has revised the rate of interest on foreign currency non -resident (banks) deposits for various maturities for different currencies effective October 26.The BoB as launched services such as OmniBoB and BoBCash to help the customer practice anywhere -banking at 18 branches with the `Smart Card'. . BOB has proposed to enter health and general insurance where it plans to mainly target the rural areas.Bank of Baroda (BoB) has made a propos al to the Union ministry of finance (MoF) to tap foreign markets for enhancing the bank's equity base.Bank of Baroda (BOB) is keen to diversify into the insurance sector. . .Public sector Bank of Baroda has been designated as a clearing bank for castor oil trading in the future..Bank of Baroda has bought out the 49 per cent shareholding of Government of Uganda in Bank of Baroda (Uganda) Ltd. thus making it a fully-owned subsidiary of Bank of Baroda. which will be launched by the Bombay Oilse eds and Oils Exchange (BOOE) on May 10. . . where the focus of its activities will be the rural population.600 crore long -term unsecured subordinated bonds of Bank of Baroda (BoB).Bank of Baroda (BoB) has revised the rate of interest on its FCNR (B) deposits for various maturities and different currencies with effect from February 1. LAAA (LAAA). The public sector bank is coming out with the bond issue to increase its tier II capital.Bank of Baroda (BoB) will co -ordinate with the finance ministry to set up a debt recovery tribunal (DRT) in Mumbai.International rating agency Standard & Poor's (S&P) has revised its rating outlook on Bank of Baroda (BoB) to stable from negative.Bank of Baroda has joined hands with fi nancial institutions such . . .
Bank of Boarda will introduce `any branch banking' facility to make customer transactions at the nearest branch countrywide in the next 18 months.Bank of Baroda proposes to go in for a major ATM network across the country.Bank of Baroda is in an advance stage of talks with a foreign insurance company for a life insurance joint venture and is expecte d to finalise the tie -up within a fortnight. retail lending and Web banking.BANK of Baroda Housing Finance. a subsidiary of the Bank of Baroda. . . 2001 .Bank of Baroda will launch seven day banking in two branches of Chennai and Mylapore and K K Nagar. drive to expand its . .Bank of Baroda and Punjab National Bank will tie up to form a subsidiary for a foray into life insurance business.Bank of Baroda has opened its 104th branch in Kalyan and will also offer safe deposit lockers and a housing cell. .Bank of Baroda has decided that it will hold more than 50 per cent in the life insurance subsidiary it proposes to set -up. .Bank of Baroda has set up a core support group consisting 500 knowledge workers from across its branches to help catalyse change management. . . . .as IDBI and ICICI for a speedy recovery of dues from common problem accounts.Bank of Baroda is tying up with a US -based IT company to set up the basic IT infrastructure of the bank at a cost of Rs 300 crore. has disbursed a sum of Rs 50.The Bank is exploring strategic tie -ups with local and foreign partners in the area of insurance.The Bank will introduce 7 -day banking at 10 branches in Mumbai from October 8th.Crisil has assigned an `AAA' rating to the Rs 600 -crore sub-ordinated bond issue of Bank of Baroda. . . .The Bank of Baroda has signed up to be a depository participant with Central Depository Services (India) Ltd. on 17th August.0 crore to 2578 beneficiaries in rural and .
New Delhi has nominated Mr Vinod Rai. 1. for different currencies.. -Bank of Baroda elects 4 Directorsthe Director so elected will assume office w. down from Rs 126. .Bank of Baroda¶s (BoB) net profit during the second quarter has dipped by 22. . -Govt sanctions merger of Benares State Bank with Bank of Baroda. today (November 16. The offer shall open on August 26.100/ .f.semi-urban areas under the golden rural housing schemes of the National Housing Bank.Bank (BoB) has lowered interest rates by 25 -40 basis points. 2002) and will hold office till November 15.600/ . .64 crore in the corresponding period last fiscal.BoB has signed a redeployment policy with its Federation Union. .each at an offer price of Ushs.GOI nominates N S Mhatre as Director on the Board of Bank of Baroda. 2005. 2002 . Shri Prem P Pareek -RBI grants BoB Capital Markets Ltd. Shri Pradip N Khandwalla 4. 2002 and branches of erstwhile Benares State Bank Ltd have started fu nctioning as Bank of Baroda's branches with effect from July 19. Dr M J Manohar Rao 3. securities market -Comes out with two special policies for the victims of the communal riots in Gujarat .per share. Ministry of Finance & Company Affairs. for FCNR (B) deposits in force from September 5. -Bank of Baroda has informed BSE that the Bank of Baroda (Uganda) Ltd. Joint Secretary. 2002. Shri Amritlal Sanghvi 2. effective from September 17. Banking Division. Ministry of Finance.e. -Bank of Baroda has informed BSE that the Benares State Bank Ltd now stands amalgamated with the bank wef June 20. -GOI nominates Anand Sinha on the Board of Bank of Baroda. Deptt of Economic Af fairs (Banking Division). Department of Economic Affairs. affiliated to the National Confederation of Bank Employees (NCBE) regarding the transfer of clerical staff. to operate as a primary dealer in Govt.44 crore.350/ -.Subsidiary of the Bank in Uganda has proposed to make Public Offer of 8 million equity shares of face val ue of Ushs. -Bank of Baroda has informed BSE that the Government of India. The said offer has been approved by RBI . 2002. 2002. New Delhi as Director on the Board of the Bank with effect from October 25. The offer also involves concessional offer of 200 equity shares per staff member at a price of Ushs.27 per cent to Rs 98.
in collaboration with Mastercard International. (BOBL) to expand credit cards business in South India -Amends interest rates for FCNR(B) deposits -Picks up 10 pc stake in IFCI's Asset Care Enterprise (ACE) -Sign MOU with Small Industries Development Bank of India (SIDBI) to co-finance the small scale industries sector .2003 -Gets govt.75% -Launches international debit card in alliance with Visa International -BOB CARDS. savings account with value added propositions -Appoints IBM.200 branches in the country -Cuts lendin g rates by 25 bp -Extends super savings scheme to Coimbatore account holders -Ties up with Bharat Overseas Bank Ltd. Accenture for Business Process Reengineering (BPR) -Paves the way for single -window banking across its 2. approval to raise Rs 600 crore through bonds -Unveils Super Savings Account. H -P.-Decreases its deposit rates by 25 basis points -IFCI gets Rs 100 cr credit from Bank of Baroda -BOBCARDS Ltd. a subsidiary of Bank of Baroda. a wholly -owned subsidiary of Bank of Baroda. and Cholamandalam Investment and Finance Company declare a tie -up to issue co -branded credit cards t o Cholamandalam's vehicle finance customers 2003 -Decreases interest on domestic term deposits by 25 -75 basis points across different maturities effective January 10. unveils PARAS credit cards -Tops Non Performing Assets (NPA) list -Shifts Central Office from Ballard Peir to Bandra -Unveils flexi -deposit scheme for corporates -Contributes Rs 1 lakh for repair of Akshardham temple for repairs of damages caused by terrorist attacks -Slashes down deposit rates by 25 basis points -Reduces its deposit rates by 50 basis points at the longer end deposits -Brings down float ing rate on home loans by 0.
2008 . Bank of Baroda -Bank of Baroda (BoB) has tied up with Mahindra and Mahindra Ltd (M&M) for tractor financing 2005 . as the Chairman & Managing Director (CMD) of the Bank for a period of three years with effect from March 01. January 09.f. -The government has chosen Bank of Baroda for channelising government credit to other countries which runs into billions of dollar -Ties up with Punjab Tractors for offering finance to farmers for buying tractors from Punjab Tractors -Bank of Baroda signed a memorandum of understanding with L&T John Deere Pvt Ltd to prop up farm sector lending. Chief General Manager in -charge Reserve Bank of India. Indo Farm Tractors & Motors Ltd to boost farm lending -BOB join hands with NIC for non -life insurance products -Bank of Baroda enters China -Ties up with Chennai -based Tractor & Farm Equipments Ltd (TAFE) for financing their tractor s -Mr T.Bank of Baroda signs contract with HP India Sales Pvt Ltd for implementation of Bank's IT enabled Business Transformation Process -BoB unveils new logo. New Delhi vide their notification dated February 4.V. New Delhi. Regional Director. Department of Economic Affairs (Banking Division). called Baroda Gujarat Gramin Bank . Executive Director (ED) of Bank of Bar oda as Chairman & Managing Director (CMD) of Dena Bank. ropes in Dravid as brand ambassador -Bank of Baroda inks co -financing agreement with SIDBI -Bank of Baroda has amalgamated its three sponsored regional rural banks (RRBs) into single RRB. 2004 in place of Shri Ramesh Chander. Central O ffice. -Bank of Baroda inks pact with Escorts Ltd. Ministry of Finance. of Administration & Personnel Management. 2004 has appointed Dr. Lakshminarayanan has taken over as the Head of the South Zone. RBI. A K Khandelwal. Dept.2004 -Mobilizes Rs 300 Cr through Tier II bonds -Ministry of Finance .BoB has appointed Dr A K Khandelwal.e. Mumbai as Director on the Board of the bank w. a wholly -owned subsidiary of Bank of Baroda. -Bank of Baroda has informed that the Government of India. Banking Division. 2005 upto March 31. -S P Garg is new managing director of Bobcards Ltd. New Delhi vide their Notification dated January 09. 2004 has nominated Shri G K Sharma. Department of Economic Affairs.
1970. entered into a Memorandum of Understanding (MOU) to enhance the provision of financing and other banking products and services to entities involved in infrastructure development. Department of Economic Affairs (Banking Division) vide their Notification D ated October 31. Legal & General Group plc. Joint Secretary (B&I) MOF. 2006 have nominated Shri G C Chaturvedi. 2007 or until further orders. -Bank of Baroda has appointed Shri. have entered into an Memorandum of Understanding (MOU) to enhance the provision of financing and other banking products and services to entities involved in infrastructure development. Shahid as Director on the Board of the Bank under section 9(3)(h) of The Banking Companies (Acquisition and Transfer of Undertakings) Act. Andhra Bank and M/s. 1970 vide Government Notification dated September 15. 1970. non official director on the Board of Bank of Baroda. GOI as Director of the Bank vice Shri Vinod Rai with immediate effect. . -The Bank of Baroda unveiled its first SME loan factory in Pune on Oct 13. whichever is earlier. read with sub clause (1) of clause 3 of the Nationalised Banks (Management and Miscellaneous Provisions) Scheme.-BOB signs Memorandum of Cooperation with EXIM Bank -BoB unveils campaign on tractor. 2007 -Bank of Baroda and India Infrastructure Finance Company Ltd (IIFC) on January 10. the Government of India.Bank of Baroda has announced the deposit rate cuts b y 50 basis points across all maturities. Ministry of Finance. 2006.f. 2009 or until further orders. 2006 -Bank of Baroda (BOB) has informed that the Bank and Infrastructure Development Finance Company Ltd (IDFC) have on February 16. -Bank of Baroda . for a second term of three years w. Atul Agarwal as a part time non official Director on the Board of Directors of the Bank for a period of three years with effect from November 23. whichever is earlier.Bank of Baroda has appointed Dr.e.Bank of Baroda (BOB) has informed that pursuant to powers conferred by clause (b) of sub -section (3) of section 9 of Banking Companies (Acquisition and Transfer of Undertakings) Act. 2008 -Bank of Baroda has appointed Smt. irrigation advances. 2005 for a period of 3 years. . UK have signed an MoU on November 16. 2010 . 200 7. 2007 to form a Joint Venture (JV) for Life Insurance Business. 2009 . Masarrat Shahid as part time. October 29.
Bank of Baroda has appointed Shri N. . 1970 read with sub clause (1) of clause 3 of The Nationalised Banks (Management & Miscellaneous Provisions) Scheme 1970. S.A memorandum of cooperation (MoC) has been signed by Bank of Baroda (BoB) with the Dubai Multi Commodities Centre Authority (DMCC) in order to provide value added services to DMCC -registered companies as well as to enhance the proposition of operating in Jumairah Lake Towers (JLT) Free Zone. August 31.. 2010 or until further orders. Satya Dev Tripathi as part -time non-official Director of the Bank.f. 2010.Bank of Baroda has informed BSE that in exercise of the powers conferred by of sub -section 3 (h) and (3 -A) of Section 9 of The Banking Companies (Acquisition and Transfer of Undertakings) Act. Srinath as an Executive Director of the bank. whichever is earlier.The memorandum which has been signed between the two organizations would make the bank to act as a registrar for the enrolment of UID for its existing and future customers.Bank of Baroda (BoB) has launched a Mobile Micro Loan Factory (MMLF) in Sultanpur district of Uttar Pradesh. for a period of three years w. . the Central Government vide its notification dated August 31.e. . . .Bank of Bar oda (BoB) has signed a Memorandum of Understanding (MoU) with the Unique Identification Authority of India (UIDAI). has nominated Shri.
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