BOB Full Form: Know All About BOB Here!
By BYJU'S Exam Prep
Updated on: September 25th, 2023
BOB Full Form: While preparing for banking exams, many people wonder: what is the full form of BOB? BOB’s full form is simply Bank of Baroda. Bank of Baroda was established in 1908 in Vadodara (erstwhile Baroda) by Maharaja Sayaji Rao Gaekwad III. Today, the leading public sector bank has a market capitalization of over Rs. 15 trillion. It has 9740 branches, including 100 overseas offices and branches in 21 countries apart from India, the United States being one. It also has a foothold in Asia, Europe, Australia, and Africa.
Since its founding, the bank has renovated its products and services to deliver efficient and exemplary service through its 25000+ touchpoints. These include e-lobbies, ATMs, branches, corporate financial services, SME loan factories, retail loan factories, and Agri loan factories. The driving concept of Bank of Baroda has been customer centricity and growth with quality. This philosophy has garnered rich rewards for its stakeholders through the years while meeting the burgeoning demands of its clients.
Table of content
Headquarters of BOB
Bank of Baroda is an Indian state-owned international banking and financial services institution based in Vadodara in Gujarat, India. It maintains a corporate office in Mumbai and is headquartered in Vadodara. After the State Bank of India, it is India’s second-largest bank.
Organizational Structure of BOB
Around early 2020, the government-appointed Shri Sanjiv Chadha as Managing Director (MD) and Chief Executive Officer (CEO) of Bank of Baroda. He took over from Shri P. S. Jayakumar, whose term ended in October 2019.
From the day he took office, he was appointed to a three-year tenure at the bank. He was previously the MD and CEO of SBI Capital Markets, the State Bank of India’s merchant and investment banking subsidiary. In November 2019, the Banks Board Bureau proposed him for the position of MD and CEO at BOB.
|
Name |
Position |
|
Shri Sanjiv Chadha |
Managing Director and CEO |
|
Shri S. L. Jain |
Executive Director |
|
Shri Vikramaditya Singh Khichi |
Executive Director |
|
Shri Ajay K. Khurana |
Executive Director |
|
Shri Debadatta Chand |
Executive Director |
Products and Functions of BOB
Bank of Baroda has over 127 million customers in 21 countries and offers various banking solutions to satisfy their needs. Savings accounts, current accounts, home loans, vehicle loans, school loans, two-wheeler loans, Mudra loans, and personal loans are just some of the deposit and lending services available. The bank provides investment and card services like fixed deposits, recurring deposits, credit cards, and debit cards. BOB mobile banking allows customers to access their bank accounts and conduct all important transactions using their mobile phones.
BOB net banking allows customers to monitor account balances, transfer funds, pay bills online, and recharge mobile phones, among other things. Account-holders can also call the BOB customer care number for immediate assistance with their problems and complaints, as well as answers to their questions.
Vacancies of BOB
Bank of Baroda places a premium on its employees, providing more than simply a job. It has several efforts in place to help them develop throughout their careers. For all officers joining BOB, the bank’s career path policy ensures a diverse range of exposures in operations, credit, FX, and administration or facilitation. It ensures that all officers become well-rounded, competent bankers throughout time. The policy also assures that all bank employees are on a path to success. Candidates can learn more about careers at BOB, including applying for open positions, by visiting their website.
BOB’s full form, BOB’s history, functions, and BOB vacancies were all discussed in this article. We hope you found this article to be helpful, this would be extremely beneficial for a banking exam. Please contact us if you have any questions, and we will gladly assist you.
Also, Check:
- IVB Full Form
- APGVB Full Form
- IIFL Full Form
- KVB Full Form
- CIBIL Full Form
- HSBC Full Form
- LIC Full Form
- CUB Full Form
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