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A prominent public sector Bank from India                        Branches spread over virtually the entire nook corner of the country                        A global presence covering 16 countries across the globe.
BANK OF BARODA - A Government Of India Undertaking

BANK OF BARODA, a prominent public sector Bank from India, has become today a household name with its branches spread over virtually the entire nook corner of the country and a global presence covering 16 countries across the globe.

Founded in 1908, in Mandvi, Baroda, (India) on a prominent western province of pre-independent India, it is now second largest Banking institute of the country with 96 years track record of continued profits, since its inception.

Bank enjoys the confidence of more than 20 Mn customers through more than 2,675 branches across the length & breadth of India and 38 branches in various countries such as Uganda, Kenya, Botswana, South Africa, U.A.E, U.K, Brussels, U.S.A, Hong Kong & British Guyana.

Bank is offering all types of products/services, including –

     Credit Cards.
     Housing finance.
     Merchant Banking.
     Tele banking / PC banking.
     Mutual Funds.
     Project Finance etc.

Bank has been making profits since inception, and has crossed the milestone of Rs.5 billions in March 2002.

Out of 2641 branches 1515 branches are computerised, covering 77 % Bank’s businesses as on March 2002.

Intra-city connectivity among 300 branches in important cities in India.
Bank has installed 300 ATMs at important business centres all over the country.
77 branches have been provided with SWIFT facility for instant funds transfer.

Bank’s overseas operations with 38 branches, 6 subsidiaries and one joint venture, are contributing more than 25% of the global profits.

Bank has presence in all time zones.

A few proposals for opening of branches/extension counters and a joint venture in Tanzania, China & Malaysia are in pipeline.

Bank of Baroda has moved in the direction of securing ISO certification as per its latest standard ISO 9001:2000,for selected branches.

DEPOSIT : US $ 12.84 bn
ADVANCES : US $ 7.02 bn

Bank of Baroda opened its first overseas branch at Mombassa, Kenya in 1953.

At present, Bank has presence in 16 countries all over the world including 6 countries in the African Continent. Bank is operating in Africa through branches (Mauritius, Seychelles and South Africa), subsidiaries (Kenya and Uganda), and a joint venture in Zambia.

Incorporated as subsidiary in 1992, with shareholding of parent Bank, BANK OF BARODA, INDIA 86.7 %

Presently 6 fully computerised branches in KENYA at 4 centres Nairobi, Kisumu, Mombassa & Thika.

Good Public Image as a Bank with strong Indian roots & steady performance.

Introduced recurring deposit & Time deposit schemes of longer maturities up to one year-Both first such products among Banks in Kenya.

7 Days banking at new branch at Sarit Centre, Westlands, Nairobi. First time in banking industry in Kenya with mobile Banking, web camera for on spot photos of customers for opening of the account, touch screen for information & statement of accounts through E-mail.


The total deposits showed a growth of 17.5% as against the negative growth registered by the banking industry as a whole.

The net advances (after provisions) increased by 9.10% as against negative growth shown last year.

The gross non-performing advances were brought down by 10% and as proportion of gross advances; the gross NPAs were reduced to 29.8% as compared to 35.2% at the end of the previous year.

The Net NPA of the Bank has been decreased to 16.30% as on 31.12.01.

The Operating Profit (before provisions and tax) at KShs. 77.93 m reflected an increase over the previous year’s level of KShs. 62.57 m by 24.54%.

The net profit (after tax) at KShs. 32.74 m increased by 17.1% over last year despite economic recession and uncertainties connected to the elections.

Capital adequacy ratio was high and net worth has been strengthened.



The possibilities of opening new branches in potential areas like Eldoret and Nakuru will be explored.

      Opening of new Industrial area, Nairobi branch in October 2002.


The shifting of the branch premises of Nairobi Main branch to a more suitable area will be undertaken.


The Bank shall work towards introducing new products and schemes in conformity with the customer needs and the market demands.


Connectivity shall be established in phases between all the branches of Nairobi as also between Nairobi Main branch and the Mombassa and Kisumu branches.


There shall be continuing efforts to right size the staffing pattern vis-à-vis the present ageing pattern, skill updation, employee productivity etc.


Strategic measures shall be implemented to strengthen and highlight the Bank’s image and visibility as a Safe, Solid and Secure Bank.

      Installation of SWIFT by March 2003 for instant funds transfer.

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