Bank Of Baroda Swot Analysis

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Bank of Baroda was established with a paid-up capital of Rs.10 lakh in 1908 in Baroda in Gujarat. After raising Rs.300 crs. through a bond issue in 1995, the bank tapped the capital market with an initial public offering of Rs.850 crs. in 1996. The bank's international presence covers 21 countries through 40 overseas branches, 3 representative offices and 17 branches of the bank's overseas subsidiaries. It has approvals for opening branches in Trinidad and Tobago, Ghana, Australia and Bahrain. It set up a global loan syndication centre in London in 2000 and plans to set up two syndication centers in Dubai and Singapore. During 2006--07, the bank upgraded 917 branches to take the total number of branches on core banking platform to 1,043. As of 31 March 2007, the bank had 1,893 fully networked branches. Total branch strength of the bank in the country stood at 2,732 of which 1,164 are rural branches, 572 are semi-urban branches, 506 are urban branches and 490 are metro branches. More than 47 per cent of the bank's branch network is concentrated in the western region. Bank of Baroda classified its loan business into working capital finance, term finance, SSI, SME, small business/borrowers and trader loans. For the retail and SME segments, it has set up a chain of 13 retail and 16 SME `loan factories'. The SME loan factories are located in Ahmedabad, Surat, Pune, Baroda, Kolkata, Coimbatore, Chennai, Jaipur, Bhilwara, Kanpur, Ludhiana, Delhi, Kalbadevi (Mumbai) and Jogeshwari (Mumbai), Thane and Lucknow. The bank defines SMEs as entities with sales revenues less than Rs.100 crs.. The bank identifies the following four groups as `critical business segments' viz. Retail, SME, Wholesale (mid-corporate and large corporate) and rural/agri... ... middle of paper ... ...ral banks (RRBs) covering 30 districts in 5 States (Andhra Pradesh, Haryana, Karnataka, Kerala and Uttar Pradesh). These RRBs have a network of 1197 branches. Total business of Syndicate Bank-sponsored RRBs stood at Rs.16,228 crs. Representing a growth of 23.9 per cent during 2006—07.Syndicate Bank made an IPO in October 1999 to raise Rs.125 crs. followed by another in July 2005 for Rs.50 crs.. Government of India is the major shareholder and enjoys over 66 per cent stake, while institutions and individuals hold around 18 per cent and 13 per cent respectively. In 2006, the bank floated a BPO company named “Syndbank Services Ltd'' as a wholly owned subsidiary. It distributes third party products such as life and non-life insurance policies. Other services include online railway ticket booking, utility bill payments and excise & service tax payments through internet.
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