What it Does: Bank of Baroda is a government-owned Indian multinational banking and financial services company. The bank provides a range of products and services, including Savings Accounts, Current Accounts, Fixed Deposits, and Loans to individuals, small and medium businesses, and large corporations.
Mission: Bank of Baroda's mission is to be a premier universal bank with global reach and local presence. It aims to be admired for its integrity, values, and performance by its customers, shareholders, and employees.
Size and Presence: Bank of Baroda has a total employee strength of around 62,000, around 1800 branches, and over 6000 ATMs across the country. It has a presence in 17 countries across four continents, including India, Asia, Africa, and Europe.
Best Known For: Bank of Baroda is most known for its business correspondent services which cater to the remittance needs of migrant communities across India.
The Good Bits: Bank of Baroda provides an innovative environment to the employees, where they can learn new things daily. The company also provides training programs to help the employees improve their technical skills.
The Not So Good Bits: Bank of Baroda employees are concerned about the management not properly managing their operations and employees. They do not have proper training nor any experience in managing people or handling difficult situations which arise in the workplace every day.
Bank of Baroda was founded on 15th August 1908 as "The Baroda State Bank Ltd." by Maharaja Sayajirao Gaekwad III (1863-1939). The first branch was opened on 4th January 1909 at Vadodara. In 1939, it had only one branch at Vadodara with deposits worth INR 1 lakhs and advances amounting to INR 2 lakhs.
The bank has a vast network of ATMs spread across all major cities in India. The bank offers a range of products and services, including deposits, loans, and advances to individuals, companies, and institutions. The Bank also offers various value-added services like online banking and mobile banking facilities through its Internet Banking Portal "BObiOnline".
The Bank has created an environment where employees are encouraged to be innovative and take the initiative. There is a spirit of teamwork and collaboration across all departments. Employees are given enough room to grow professionally as well as personally. The Bank believes in creating a balance between professional growth and personal well-being so that employees can perform better in their roles while maintaining a healthy work-life balance.
The minimum qualification required for this job position is graduation/post-graduation with relevant experience as per the post applied for. You must have good communication skills and be able to work in a team and independently. The selection process will be done based on interviews only.
Bank of Baroda offers a wide range of career options for its employees. It provides employment opportunities in different departments like Retail Banking, Treasury Operations, Corporate Banking, Investment Banking, etc. The Bank also offers training programs to its employees to grow professionally and gain better knowledge about their respective fields.
The minimum salary offered by the Bank of Baroda for fresher is Rs 1,00,000 per annum, while the maximum salary offered is INR 2,50,000 per annum, along with other benefits like medical insurance, housing loan, etc.
Bank of Baroda, India's second-biggest state-run bank by assets, is leveraging its brand through a series of social initiatives. The bank has been involved in several social causes, including the distribution of free hearing aids and eye surgeries to the poor. It has partnered with NGOs to provide training and education to underprivileged children and women. The bank has also financed infrastructure projects to construct hospitals, schools, colleges, and other public amenities.