Bank of Baroda

Indian public sector bank

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May 2019 Bank of Baroda announced plans to close or rationalize 800-900 branches to increase operational efficiency and reduce duplication following the merger.
April 1 2019 The merger of Dena Bank and Vijaya Bank with Bank of Baroda was implemented, creating a consolidated entity with over 9,500 branches, 13,400 ATMs, 85,000 employees, and 120 million customers.
January 2 2019 The merger of Dena Bank, Vijaya Bank, and Bank of Baroda was approved by the Union Cabinet and the boards of the three banks.
September 17 2018 Government of India proposed the merger of Dena Bank and Vijaya Bank with Bank of Baroda, which would create the third largest lender in the country.
February 2018 Bank of Baroda announced its intention to exit South Africa, notifying the South African Reserve Bank of its planned departure.
2017 Bank of Baroda became the first National Supporter (Indian sponsor) of the FIFA U-17 World Cup India 2017, which was the first football World Cup hosted in India.
September 4 2017 The South Africa Financial Intelligence Centre fined Bank of Baroda 11 million (equivalent to US$837,000) for anti-corruption law violations related to Gupta family account transactions, which included 36 suspicious transactions valued at 4.2 billion over a ten-month period.
2016 Bank of Baroda sealed a 3-year principal sponsorship contract with Olympics Women's badminton silver medalist P. V. Sindhu and India's No 1 ranked Men's Badminton player Srikanth Kidambi.
2011 Bank of Baroda opened an Electronic Banking Service Unit (EBSU) at Hamriya Free Zone, Sharjah (UAE) and expanded operations by opening four new branches in Uganda, Kenya, and Guyana. The bank also acquired Mumbai-based Memon Cooperative Bank, which had 225 employees and 18 branches across Maharashtra and Gujarat.
2010 Malaysia awarded a commercial banking licence to a locally incorporated bank jointly owned by Bank of Baroda, Indian Overseas Bank, and Andhra Bank.

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