Established in 1908, Bank of Baroda is now one of the largest banks in India. Bank of Baroda operates as a universal bank offering retail, private, corporate banking products and services to individuals, SMEs, farmers, large companies and institutions.
Becoming a client of Bank of Baroda can be done in a few steps:
Due to regulatory requirements Bank of Baroda performs KYC/AML checks when establishing business relationships with a new client. While onboarding a private individual Bank of Baroda will ask him/her to provide the following documents: passport; proof of address. For corporate clients Bank of Baroda will ask to provide corporate documentation as well as information about controlling persons. Bank of Baroda may request additional documentation or information depending on the case. Bank of Baroda performs client's identity verification via branch visit.
Bank of Baroda is rated by Moody's. Long-term credit rating assigned to the bank by Moody's is Baa3 (lower medium grade).
Bank of Baroda participates in the deposit guarantee scheme of the United Kingdom. This deposit guarantee scheme applies to current accounts, savings accounts, time deposit accounts made by private individuals, companies and covers up to up to 85,000 GBP per bank per depositor. Bank of Baroda is a member of Financial Services Compensation Scheme (FSCS) and makes its contributions into it.
Bank of Baroda is headquartered in London.
Bank of Baroda is authorized and supervised by the Financial Conduct Authority (reference number 204624).