Introduction:
- Bank of Baroda is an Indian state-owned International banking and financial service company.
- It is the second largest bank in India, after State Bank of India.
- It has a network of 5493 branches and 10441 ATMs as of September 2016
- On 19th July 1969 government of India nationalised Bank of Baroda.
Tagline: India’s International Bank
Headquarter: Vadodara, Gujarat
MD & CEO: P.S. Jayakumar
Founder: Maharaja H.H. Sir Sayajirao Gaekwad III
Founded on: 20th July, 1908
Joint Venture:
IndiaFirst Life Insurance Company is a joint venture between Andhra Bank and Bank of Baroda.Domestic Subsidiaries:
- BOB Cards Ltd.
- BOB Capital Markets Ltd.
- Nainital Bank Ltd.
Mergers:
- Hind Bank Ltd (1958)
- New citizen Bank of India Ltd(1961)
- Surat Banking Corporation(1963)
- Tamil Nadu Central Bank (1964)
- Umbergaon People Bank (1964)
- Traders Bank Ltd(1988)
- Bareilly Corporation Bank Ltd(1998)
- Benares State Bank Ltd(2002)
- South Gujarat Local Area Bank Ltd(2004)
- Memon Cooperative Bank Ltd (2011)
Sponsored RRBs:
- Baroda Uttar Pradesh Gramin Bank
- Baroda Rajasthan Kshetriya Gramin Bank
- Baroda Gujarat Gramin Bank
Awards Received Recently:
- Ranked 21st among Best Indian Brands 2016 in Brand Equity
- First Prize for Excellency under Rajbhasha Kirti Puraskar Scheme
- First Runner up for ‘Best Financial Inclusion Initiative’ during Banking Technology Awards 2016
Andhra Bank
Introduction:
- Andhra Bank is a public sector bank in India, with 2803 branches, 4 extension counters, 38 satellite offices and 3636 ATMs as of 31st march, 2016.
- It was ranked No.1 in mobilizing the life insurance policies of LIC, among its competitor banks.
- In April 1980, Government of India Nationalized Andhra Bank.
Mascot of Andhra Bank: ‘Dolle the Dolphin’
Tagline: Where India banks
Headquarter: Hyderabad, Telangana.
MD & CEO: Suresh N.Patel
Founder: Bhogaraju Pattabhi Sitaramayya
Founded on: 20th November 1923
Joint Venture:
- Cigna TTK Health Insurance Company Ltd.
- Reliance General Insurance Company Ltd.
- United India Insurance Company Limited under Bancassurance.
- IndiaFirst Life Insurance Company is a joint venture between Andhra Bank and Bank of Baroda.
Merger:
Bharat Lakshmi Bank (1964)Sponsored RRBs:
- Chaitanya Godavari Grameena Bank
- Rushikulya Gramya Bank
Awards Received Recently:
- Infosys Maestros Award 2016
- Infosys Finacle client innovation awards 2015
- First rank in the contribution to Rural Self Employment Training Institutes (RSETI) for the year 2013-14.
