BOB Full Form

What is the full form of BOB?

BOB is the abbreviation for Bank of Baroda. BOB is an Indian state - owned banking and financial services organization. Its head office is located in Vadodara (earlier known as Baroda), Gujarat, and its corporate office is in Mumbai, Maharashtra. Bank of Baroda is an India-based multinational investment and financial firm that has a network of around 3500 branches distributed all over the nation. It has eighty-six branches in international locations. BOB bank was nationalized in July 1969, and at that time, its name changed from"The Bank of Baroda Ltd." to "Bank of Baroda."

Brief History of BOB Bank

• BOB Bank was established by the Maharaja of Baroda, Maharaja Sayajirao Gaekwad (III), on July 20, 1908.

• In 1953, BOB Bank launched the Mombasa and Kampala branches, and in 1957. The London branch.

• In the year 1980, it opened its registered office in Australia, in Sydney, and a subsidiary in Bahrain.

• In 2006, it set up an Offshore Banking Unit in Singapore.

Facilities provided by BOB Bank

• Retail Banking: All the retail banking facilities like deposits, loans, debit cards, master cards, visa cards, credit cards, demat accounts etc, will be provided by the bank.

• Loan Facility: BOB Bank provides home loans, personal loans, vehicle loans, education loans, mudra loans, etc, at reasonable rates.

• Different Investment Facilities: The Bank of Baroda provides investment facilities like Fixed Deposits (FD), Recurring Deposits (RD), etc.

• Mobile Banking: The Bank of Baroda provides digital internet and mobile banking services.

• Customer Service: Customers can contact the bank 24 hours a day, seven days a week with any questions.