The correct answer for What is full form of BOB?
BOB stands for Bank of Baroda. Its headquarters is in Vadodara, it has a corporate office in the Mumbai. The bank was founded by the Maharaja of Baroda, Maharaja Sayajirao Gaekwad III on 20 July 1908. The bank, along with 13 other major commercial banks of India, was nationalised on 19 July 1969, by the Government of India and has been designated as a profit-making public sector undertaking (PSU).
In 1961, BoB merged in New Citizen Bank of India. BoB also opened a branch in Fiji. The next year it opened a branch in Mauritius. Bank of Baroda In 1963, BoB acquired Surat Banking Corporation in Surat, Gujarat. In 1965, BoB opened a branch in Guyana. In 1969, the Indian government nationalised 14 top banks including BoB.
The best answer for What is full form of BOB?
BOB full form is Bank of Baroda. It is an Indian state-owned International banking and financial services company headquartered in Vadodara (earlier known as Baroda) in Gujarat, India. It is the second largest bank in India, next to State Bank Of India. Its headquarters is in Vadodara, it has a corporate office in the Mumbai.
In 1953, it established its branches in Mombasa and Kampala.
In 1957, it opened a branch in London.
In 1958, it acquired the Hind Bank which was the first domestic acquisition of Bank of Baroda.
1n 1961, the New Citizen Bank of India merged with BOB.
In 1963, it acquired Surat Banking Corporation at Surat in Gujarat.
In 1965, it opened a branch in Guyana.
On 19 July 1969, it was nationalized by Govt. of India and recognized as a profit-making public sector undertaking (PSU).
In 1980, it opened a representative office in Sydney, Australia and a branch in Bahrain.
In 1996, it entered the capital market with an Initial Public Offering.
In 2006, it established an Offshore Banking Unit (OBU) in Singapore.
In 2011, it opened an Electronic Banking Service Unit (EBSU) at Hamriya Free Zone, Sharjah (UAE).