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Bank Of Baroda IFSC Code and MICR Code:

Bank Of Baroda state wise list of all branches, IFSC code, MICR code and Addresses within India

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Bank Of Baroda IFSC Code

About Bank of Baroda

Bank of Baroda is one of the popular Indian state-owned banking and financial services company. Its headquarter is located Vadodara (Baroda), in the state of Gujarat, in Western India. After State Bank of India, it is the second-largest bank in India that offers a wide range of banking products plus financial services in order to corporate and retail customers through its special branches plus through its specialised affiliates and subsidiaries. Its headquarters corporate headquarter is located at the Bandra Kurla Complex in Mumbai, in the state of Maharashtra, in India.

On 20 July 1908, the bank was founded in a successful manner by the Maratha, Maharaja of Baroda, H. H. Sir Sayajirao Gaekwad III in the Princely State of Baroda, in Gujarat. On 19 July 1969, along with 13 other major commercial banks of India, this bank was nationalised, by the Government of India. It has been largely designated as a profit-making public sector undertaking (PSU). It deals with products such as Credit cards, corporate banking, finance and insurance, consumer banking, investment banking, private banking, mortgage loans, wealth management and private equity.

Bank of Baroda IFSC Code

The BOB IFSC code can be successfully used by both the National Electronic Fund Transfer systems and the Real Time Gross Settlement finance transfer. It is to be noted that RBI has assigned the Bank of Baroda IMPS, RTGS and NEFT codes. The IFSC code for Bank of Baroda begins with BARB0****** in which the next 5 digits are unique for every branch. All the major Bank of Baroda branches in India offer net banking facility to the customers. This unique 11 character code is specifically meant for perfectly recognising the different bank branches within India which participate in online money transfers.

How to Search Bank of Baroda IFSC codes?

• You can easily search for Bank of Baroda IFSC codes with the given search menu alongside, which largely offers the facility to search for the Bank of Baroda IFSC codes state wise, city wise and locality wise.
• You can select the desired options; you will be able to narrow down your options immediately. Whether you are looking to make an NEFT transfer or an IMPS transfer.
• You can easily get a comprehensive list of IFSC codes so that you dont miss out on your banks info and details.
• The search results will also reveal phone numbers and address of the bank branch.

Bank of Baroda MICR code

BOB (Bank of Baroda) Magnetic Ink Character Recognition Code (MICR Code) is a special character-recognition technology that is largely used primarily by the banking industry in order to ease the different types of processing plus clearance of cheques and other significant banking documents.

How to Search Bank of Baroda MICR codes?

In order To find BOB (Bank of Baroda) MICR code:
• You need to select the bank name from the drop down menu
• Then select the state of the bank branch.
• Finally, your desired branch
• You can get all the essential details of the bank such as the address, phone numbers, and branch details, along with the IFSC, MICR, NEFT and RTGS related information.

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Bank Of Baroda IFSC Code News:

Govt. Prioritizes on Bad Loan

Bank of Board Bureau chairman Vinod Rai said that Govt is emphasizing on the recovery of bad loan than to merge the public sector firms into a single group. The govt announced previously that they are going to unite the main branches of State Bank of India and the other 21 public sectors banks. Now, while speaking with the reporters, Vinod Rai said the government is now giving priority on bad loan recovery, that to unify them.

The gross Non Performing Assets are soaring high than the earlier. It rose to 7.6% in the month of march than its previous 5.1% in Sept of the year before. The government announced further that they will start the process of merging once they set the capital high enough to be called ‘stronger capital’ to merge them.

The govt has actually given de facto approval to the merger of 5 SBI and Bharatiya Mahila Bank. The bureau has been constituted with the view to address the public sector bank’s capacity of Bad Loans recovery.

Rai further suggests that BBB has give proposal to the Ministry of Finance to allow the public sector lenders to buy assets of the companies that are suffering. There are several other discussions have also been taken place.

The whole idea of the govt revolves around addressing the stressed assets issue. Before leaving the reporters he also added that, the selection process of two state run banks are also in progress- Indian Overseas Bank and United Bank of India- which were staying empty for a long period to run them.

2016/08/09 09:10 AM

Bank of Baroda will expedite its loan sanction process

A company official reported that the public sector bank has plans to reduce the time that it takes to sanction home and auto loans. The general manager of the Bank of Baroda  Mr. P Narasimha Rao said at a function that the bank is undergoing transformation through digitalization and has sanctioned home loans in a record time of six days. The bank has plans to transform sanction of home loan to one hour. Mr. Rao also said that the auto loans which at the moment take three days to transpire will now be a matter of only few minutes. He also said that efficiency  of ATMs will be enhanced and the bank will take only five minutes to open savings accounts. The statement added that various events were conducted to celebrate the Founders Day .Some of these events were walkathon, blood donation, and free medical camps.

2016/07/25 03:56 AM

Strike in Bank of Baroda

Bank of Baroda informed the Exchange that the AIBEA (All India Bank Employee Association) and AIBOA (All India Bank officers association) has given out a notice on the strike dated on June 22th, 2016 told that all the members who are affiliated with these association will doing a strike on one day on July 13th, 2016 because of various demands and issues.

2016/07/04 11:32 PM

Chairman Ravi Venkatesan says that Bank of Baroda is taking the fundamental repositioning

Vadodara: Chairman Ravi venkatesan said that Bank of Baroda is the lender of state. It is taking the reviews of the business. It is giving the detailed plans on the fundamentally reposition in the future. The lender repossessed saying that 2015-2016 was the disaster year .

These plans have been thought about with an intent of making the organization more frisky and ability and such that the organization has better disciplines and conformity. This was quoted by Mr. Venkatesan to PTI over the weekend on the  occasion of its general annual meeting.

He also said that the Bank of Baroda will gradually sell its assets which are non core in order to raise capital. The bank said it has suffered losses to the tune of Rs 5607 Cr in the financial year 2016. This followed quality review on the the asset  that the RBI mandated which makes it imperative for the lender in order to cover the higher provisioning bad loans.

The chairman also said that the management board has in detail reviewed the business standards and has every intention to slowly exit from the business that is unprofitable and also unprofitable segments so as to get profit in margins and capital investments it gives the better credit standards to the customers. The bank provides the great business opportunities to the customers.

He finished the  talk by saying that the bank is expected the  quick return to its past level of profitability.

2016/06/30 10:05 AM

Bank of Baroda has 186 willful defaulters of total Rs 1663 Cr.

The Bank added 9 willful defaulters between  September 2015 and March 2016. The new defaulters raised the total amount of money owed to the bank by Rs 470 Cr.The top 10 defaulters owe the bank a total of Rs 712 Cr and are not common names. The biggest defaulter is the Pearl Vision of all and owes the bank a total of Rs 104 Cr.Bank of Baroda added 9 willful defaulters between 2015 September and 2016 March. The new defaulters added Rs 470 Cr to the already owed amount.The bank has not tagged known defaulters like King Fisher Airlines evn though the bank has done business with those companies too.

2016/06/29 12:37 AM

In Andhra Pradesh, Bank of Baroda opens 111th branch

In Kadapa district, in the state of Andhra Pradesh, Bank of Baroda opened a new branch. It is this banks 111th Branch. It is located at Rajampeta. It was inaugurated by Bank of Baroda Zonal Manager K Venkateswarlu. While addressing the print and electronic media, he said that Bank of Baroda with a turnover of Rs 10 lakh crore is the nations second-largest public sector lender. It is to be remembered that in 1908, the Bank of Baroda started operations in the state of Gujarat. At present, this bank comes with 5,411 branches spread across in India plus another 26 in 25 countries in the world. On the occasion, the Subba Reddy who is banks Vishakapatanam DGM (Deputy General Manager) and his Vijayawada counterpart among others were largely present to grace the event in a grand manner.

2016/03/30 06:55 AM

At Obaidullaganj, BOB opens branch

Bank of Baroda opens its Obaidullahganj branch in the district of Raisen, in the state of Madhya Pradesh,in Central India.  This particular town and a nagar panchayat is 36 km from its state capital city Bhopal and 70 km far away from its district headquarter. It was grandly inaugurated by Banks MP&CG, Regional Chief NC Upreti and Raisen Collector JK Jain. At present, this bank has 54 branches in Bhopal Region. Deputy Regional Manager SK Virani, Regional Chief, Bhopal Region, JK Mathur, staff and esteemed old and new customers were present on the special occasion. It is to be noted that this branch will largely help the local people in agriculture and business sectors.

2016/03/12 03:56 AM

Notice of Strike by All India Bank Officers Confederation (AIBOC) - Bank of Baroda

In the recent development, Bank of Baroda has officially informed Bombay Stock Exchange  that the Bank have been officially informed by Indian Banks Association through a significant letter that was dated February 18, 2016 that All India Bank Officers Confederation (AIBOC) has announced a Strike Notice dated 11th February, 2016 stating that the each and every members who are affiliated to their Association would strictly observe a one day strike on 29th February, 2016 on various major and minor issues and demands related to the banking sector for immediate action to be taken by the concerned Govt and Banking authorities

2016/03/04 06:52 AM

Bank of Baroda coming up with Baroda Academy, in Bengaluru

Bank of Baroda is coming up with Baroda Academy, in Bengaluru. It will be an exclusive centre for learning where employees and staffs will be trained in the best manner. On the other hand, it will specially cover the entire southern Indian states of Telangana, Andhra Pradesh, Tamil Nadu, Kerala including Goa and Maharashtra. It is to be highly noted that the Training will be perfectly imparted in such manner that they are rightly trained in order to go to rural parts to strongly strengthen the banks presence and its related banking and financial affairs in the urban and rural sectors, which is also a significant priority in the open market.

It is to be remembered that in 1908, this was started in a small building in Baroda. Its journey is saga that is filled with corporate governance, financial prudence, vision and enterprise with a lot of perfection. In the near future, the bank is planning to open regional offices in Hubballi and Vijaywada. In its expansion plans in terms of services offered, the bank will come up with more ATMs along with e-lobbies, that will be a 24/7 branch with facilities such as passbook delivery or update, ATM, cash recyclers, bill payments, cheque deposits and internet banking.

In the open market, this bank also faces hectic competition from leading players and Multinational banks in this particular field. The employees and staffs of this bank are known for its friendly manner and unique hospitality services to its esteemed existing and potential customers.

2016/01/28 06:23 AM

In Kanyakumari, Bank of Baroda opens new branch

Bank of Baroda is one of the popular and leading public sector lenders in India. Recently, it has proudly opened its new branch in the district of Kanyakumari, in the state of Tamil Nadu, in south India. With this particular branch, this bank in the region at present has 53 branches, in Tamil Nadu, it comes with 196 branches. All the branches of Bank of Baroda (BOB) come with latest technology banking facilities for its esteemed existing and potential customers in the open market.

According the official report, this bank has 88.73% fall Bank of Baroda in its net profit for the quarter ended September 30, 2015 at Rs 124.48 crore as compared to in the previous year for the same quarter of Rs 1104.22 crore. On the other hand, for the quarter under review from Rs 11817.32 crore for the corresponding quarter of the previous year, the banks total income has largely increased to Rs 12300.40 crore by 4.07%.

Bank of Baroda (BOB) was founded on 20 July 1908 by Maharaja H. H. Sir Sayajirao Gaekwad III. Its headquarters is located in Vadodara, in India. Its area served is worldwide. The key people associated are P S Jayakumar who serves as CEO and MD and Mr. Bharat Dangar who serves as Director. The products by this particular bank are Credit cards, private equity, finance and insurance, investment banking, mortgage loans, consumer banking, corporate banking, private banking and wealth management. It is owned by the Government of India. It has earned a name for itself in the open market with its best service to its esteemed customers and clients.

2016/01/26 05:41 AM

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