Bank of Baroda & Andhra Bank: Mind Maps

Bank of Baroda

Introduction:

• Bank of Baroda is an Indian state-owned International banking and financial service company. 
• It is the second largest bank in India, after State Bank of India. 
• It has a network of 5493 branches and 10441 ATMs as of September 2016 
• On 19th July 1969 government of India nationalised Bank of Baroda. 

Tagline: India’s International Bank
Headquarter: Vadodara, Gujarat
MD & CEO: P.S. Jayakumar
Founder: Maharaja H.H. Sir Sayajirao Gaekwad III
Founded on: 20th July, 1908

Joint Venture:

IndiaFirst Life Insurance Company is a joint venture between Andhra Bank and Bank of Baroda.

Domestic Subsidiaries:

• BOB Cards Ltd. 
• BOB Capital Markets Ltd. 
• Nainital Bank Ltd. 

Mergers:

• Hind Bank Ltd (1958) 
• New citizen Bank of India Ltd(1961) 
• Surat Banking Corporation(1963) 
• Tamil Nadu Central Bank (1964) 
• Umbergaon People Bank (1964) 
• Traders Bank Ltd(1988) 
• Bareilly Corporation Bank Ltd(1998) 
• Benares State Bank Ltd(2002) 
• South Gujarat Local Area Bank Ltd(2004) 
• Memon Cooperative Bank Ltd (2011) 

Sponsored RRBs:

• Baroda Uttar Pradesh Gramin Bank 
• Baroda Rajasthan Kshetriya Gramin Bank 
• Baroda Gujarat Gramin Bank 

Awards Received Recently:

• Ranked 21st among Best Indian Brands 2016 in Brand Equity 
• First Prize for Excellency under Rajbhasha Kirti Puraskar Scheme 
• First Runner up for ‘Best Financial Inclusion Initiative’ during Banking Technology Awards 2016 

Andhra Bank

Introduction:

• Andhra Bank is a public sector bank in India, with 2803 branches, 4 extension counters, 38 satellite offices and 3636 ATMs as of 31st march, 2016. 
• It was ranked No.1 in mobilizing the life insurance policies of LIC, among its competitor banks. 
• In April 1980, Government of India Nationalized Andhra Bank. 

Mascot of Andhra Bank: ‘Dolle the Dolphin’

Tagline: Where India banks
Headquarter: Hyderabad, Telangana.
MD & CEO: Suresh N.Patel
Founder: Bhogaraju Pattabhi Sitaramayya
Founded on: 20th November 1923

Joint Venture:

• Cigna TTK Health Insurance Company Ltd. 
• Reliance General Insurance Company Ltd. 
• United India Insurance Company Limited under Bancassurance. 
• IndiaFirst Life Insurance Company is a joint venture between Andhra Bank and Bank of Baroda. 

Merger:

Bharat Lakshmi Bank (1964)

Sponsored RRBs:

• Chaitanya Godavari Grameena Bank 
• Rushikulya Gramya Bank 

Awards Received Recently:

• Infosys Maestros Award 2016 
• Infosys Finacle client innovation awards 2015 
• First rank in the contribution to Rural Self Employment Training Institutes (RSETI) for the year 2013-14. 

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