Bank of Baroda is one of the leading commercial banks in India, which was founded on 20th July 1908 by Sir Maharaja Sayajirao Gaekwad III. It is majorly owned by the Government of India. The Bank serves its global customer base of over 150 million through over 46,000 touch points spread across 17 countries in five continents.
Under the new loan scheme, Bank of Baroda’s GIFT City branch provides financial support to Overseas Subsidiaries / Joint Ventures of Indian corporates by leveraging their INR deposits, helping Indian companies meet their cash flow requirements for their international operations and enabling the Bank to increase the bouquet of loan products offered.
Bank of Baroda’s IFSC Banking Unit is also the first and only bank to provide transaction-based Internet Banking facility in three major foreign currencies i.e. US Dollar, Euro and British Pound Sterling to cater to the needs of its retail and corporate customers.
Source: Bank of Baroda