Bank of Baroda Employees commit Rs 5 crore to Maharashtra Chief Minister’s Relief Fund for flood rehabilitation efforts
Mumbai, 24 September 2019: Employees of Bank of Baroda, one of India’s most trusted public sector banks, have committed Rs 5 crore to the Chief Minister’s Relief Fund of state of Maharashtra. The contribution, which is a collection of funds from the employees, is towards relief work for the rehabilitation of cities and towns in the state that were recently impacted by floods.
About Bank of Baroda:
Bank of Baroda (“The Bank”) established on July 20, 1908, is a State-owned banking and financial services organization, headquartered in Vadodara (earlier known as Baroda) in Gujarat, India.
Bank of Baroda is India’s third-largest bank with a strong domestic presence supported by self- service channels. Bank’s distribution network includes 9,500+ branches, 13,400+ ATMs and 1,200+ self-service e-lobbies. The Bank has a significant international presence with a network of 100 branches/offices of subsidiaries, spanning 21 countries. The Bank has wholly-owned subsidiaries including BOB Financial Solutions Limited (erstwhile BOB Cards Ltd.), BOB Capital Markets and BOB Asset Management Co. Ltd. Bank of Baroda also has a joint venture for life insurance viz. India First Life Insurance. The Bank owns 98.57% in The Nainital Bank. The Bank has also sponsored three Regional Rural Banks namely Baroda Uttar Pradesh Gramin Bank, Baroda Rajasthan Gramin Bank, and Baroda Gujarat Gramin Bank.