Bank of Baroda (BOB) is an Indian Multinational, public sector Banking and Financial Services company. It is the second largest public sector bank in India post merger with a business mix of close to US$225 billion.Based on 2019 data, it is ranked 1145 on Forbes Global 2000 list.
In 1908, Maharaja Sayajirao Gaekwad III, set up the Bank of Baroda (BoB),with other stalwarts of industry such as Sampatrao Gaekwad, Ralph Whitenack, Vithaldas Thakersey, Tulsidas Kilachand and NM Chokshi.Two years later, BoB established its first branch in Ahmedabad. The bank grew domestically until after World War II. Then in 1953 it crossed the Indian Ocean to serve the communities of Indians in Kenya and Indians in Uganda by establishing a branch each in Mombasa and Kampala. The next year it opened a second branch in Kenya, in Nairobi, and in 1956 it opened a branch in Tanzania at Dar-es-Salaam. Then in 1957, BoB took a big step abroad by establishing a branch in London. London was the center of the British Commonwealth and the most important international banking center. In 1958 BoB acquired Hind Bank (Calcutta; est. 1943), which became BoB's first domestic acquisition.
