About Bank of Baroda

Bank of Baroda is a public sector bank constituted under the Banking Companies (Acquisition & Transfer of Undertakings) Act, 1970; its Board composition and appointment of whole-time directors are governed by this Act, with the Government of India appointing the Managing Director & CEO and Executive Directors and nominating directors, alongside shareholder-elected directors up to the permitted limit. 

As on March 31, 2025, the Government of India held 63.97% of the bank’s equity, with the balance owned by institutional and retail investors; the bank’s shareholder base spans over 1.7 million accounts. The bank’s registered office is in Vadodara and corporate offices are in Mumbai’s Bandra Kurla Complex, underscoring its nationwide presence and governance infrastructure .

The core business rests on four pillars—Treasury, Corporate/Wholesale Banking, Retail Banking (including Digital Banking), and Other Banking Operations—as defined in the bank’s segment reporting framework . Beyond traditional banking, the group’s portfolio includes credit cards (BOBCARD Ltd.), investment banking and broking (BOB Capital Markets Ltd.), asset management (Baroda BNP Paribas Asset Management India Pvt. Ltd.), life insurance (IndiaFirst Life Insurance Company Ltd.) and shared services and technology subsidiaries that support enterprise-scale delivery . The bank also runs a focused Wealth Management vertical, backed by an expansive network of 8,400+ branches and a customer base exceeding 170 million, with digital platforms such as SMARTINVEST and SMARTINSURE complementing advisory and distribution capabilities.

Internationally, Bank of Baroda operates through overseas banking subsidiaries in Botswana, Kenya, Uganda, Guyana, Tanzania, the UK and New Zealand, and a joint venture in Malaysia; it also sponsors regional rural banks domestically, reflecting a diversified reach across markets and customer segments. The group’s domestic subsidiaries include The Nainital Bank Ltd., BOBCARD Ltd., BOB Capital Markets Ltd., Baroda Global Shared Services Ltd., Baroda Sun Technologies Ltd., Baroda BNP Paribas Asset Management India Pvt. Ltd., Baroda BNP Paribas Trustee India Pvt. Ltd., and IndiaFirst Life Insurance Company Ltd..

Bank of Baroda’s Business Segments

• Operating divisions: Treasury (investments, forex and derivatives), Corporate/Wholesale Banking (borrowers with exposure of Rs 7.5 crore and above), Retail Banking (borrowers up to Rs 7.5 crore, including Digital Banking units), and Other Banking Operations; segment revenue is recognized from external customers with allocations governed by defined policies.
• Revenue by business segment (FY 2024–25): Treasury Rs 32,234.69 crore; Corporate/Wholesale Banking Rs 51,375.21 crore; Retail Banking Rs 53,134.80 crore (including Digital Banking Rs 1.14 crore and Other Retail Banking Rs 53,133.66 crore); Other Banking Operations Rs 1,344.27 crore; Total Rs 1,38,088.97 crore.
• Revenue by geography (FY 2024–25): Domestic Rs 1,22,808.45 crore; International Rs 15,280.52 crore. Assets stood at Rs 14,88,178.16 crore (domestic) and Rs 2,93,069.16 crore (international) as on March 31, 2025 .
• Industries and products served: In addition to core lending and deposits across retail and corporate clients, the bank serves customers through wealth management, digital banking (bob World, UPI and multiple alternate channels), cards, investment banking, mutual funds and life insurance, delivered via group entities and digital journeys such as SMARTINVEST and SMARTINSURE.

Bank of Baroda Key Management

Debadatta Chand, Managing Director & CEO: Appointed by the Government of India with effect from July 1, 2023, for a period of three years; 

Executive Directors: Lalit Tyagi (w.e.f. November 21, 2022), Lal Singh (w.e.f. October 9, 2023), and Sanjay V. Mudaliar (w.e.f. January 31, 2024); Smt. Beena Vaheed joined as Executive Director w.e.f. August 9, 2024, strengthening the top management bench.

Latest Updates on Bank of Baroda

• Strong financial momentum: Total deposits rose to Rs 14,72,035 crore (up 10.3% YoY), global gross advances reached Rs 12,30,461 crore (up 12.8% YoY), and net profit increased to Rs 19,581 crore in FY 2025; the Board recommended a dividend with a total outgo of Rs 4,318.09 crore, subject to approvals. The bank’s capital adequacy ratio improved to 17.19% (CET-1 at 13.78%) on a standalone basis, with consolidated CAR at 17.60% as of March 31, 2025 .
• Liquidity and capital actions: The bank issued Tier 2 capital of Rs 3,500 crore during FY 2025, and placed Long Term Infra Bonds aggregating Rs 15,000 crore with maturities in 2034–2035; multiple older bond series were redeemed or called during the year. The Net Stable Funding Ratio stood at 123.63% as on March 31, 2025 against the 100% regulatory requirement.
• Strategic portfolio moves: A Business Transfer Agreement was executed on January 27, 2025 to transfer the bank’s Oman operations to Bank Dhofar; the transfer became effective April 1, 2025.
• Digital and wealth initiatives: The Wealth Management vertical leveraged SMARTINVEST and SMARTINSURE for integrated investment and insurance journeys, supported by a 170-million-plus customer base and 8,400+ branches; the bank also continued to scale digital channels such as bob World, UPI, and card/acquiring solutions.
• Subsidiary developments: BOBCARD launched new card products (ETERNA, TIARA and UNI) and deepened ecosystem partnerships (e.g., Tripstacc, Zaggle), while enhancing its app and analytics stack; Baroda BNP Paribas AMC expanded with a GIFT City unit and reported strong AUM growth and profitability metrics in FY 2025. The group’s India Infradebt JV maintained momentum in infrastructure lending, supporting renewable energy, roads and airports, with profits and a steady loan book in FY 2025.
• Recognitions: During FY 2025, the bank received multiple awards spanning security innovation, marketing excellence, technology implementation and customer experience from platforms including CII SECEX, IBS India Banking Summit & Awards, World Finance Banking Awards and more.
• Capital plan: The bank has sought shareholder approval to raise up to Rs 8,500 crore in FY 2025–26 via equity and related instruments, subject to regulatory approvals.