Bank of Baroda (BOB or BoB) has become the second largest public sector bank in India after State Bank of India, with 153 million customers, a total business of Rs.20,73,385 crore, and a global presence across 17 countries. Punjab National Bank is the third largest public sector bank in India in terms of its business volumes and second largest in terms of its network.
BoB vs PNB Business Figures as on December 2022
|Category||Bank of Baroda||Punjab National Bank|
|Total business||Rs.20,73,385 crore||Rs.20,67,116 crore|
|Global deposits||Rs.11,49,507 crore||Rs.12,10,359 crore|
|Gross NPA||Rs.41,858 crore||Rs.83,584 crore|
|Net Interest Income||Rs.10,818 crore||Rs.9179 crore|
BoB vs PNB
|Founded||20 July 1908; 114 years ago||19 May 1894; 128 years ago|
|Founder||Sayajirao Gaekwad III||Dyal Singh Majithia|
Lala Lajpat Rai
|Headquarters||Vadodara, Gujarat, India||Dwarka, Delhi, India|
|Owner||Government of India||Government of India|
|Number of employees||79,806 (2022)||103,144 (2022)|
The Maharaja of Baroda, Sayajirao Gaekwad III, founded the Bank of Baroda on 20 July 1908 in the princely state of Baroda, in Gujarat. The Government of India nationalized the Bank of Baroda, along with 13 other major commercial banks of India, on 19 July 1969 and the bank was designated as a profit-making public sector undertaking (PSU). Vijaya Bank and Dena Bank were merged with Bank of Baroda with effect from 1 April 2019.