Chandigarh: Bank of Baroda (BoB), one of India’s leading public sector banks, celebrated its 118th Foundation Day by unveiling a series of forward-looking initiatives aimed at redefining the future of banking through innovation, customer-centric services, and sustainability. The theme for this year’s Foundation Day, “Trust Empowered by Innovation,” reflects the Bank’s commitment to combining its century-old legacy of trust with cutting-edge technological advancements to enhance customer experience.
The event was graced by Shri M. Nagaraju, Secretary, Department of Financial Services (DFS), who attended as the Chief Guest. Speaking at the ceremony, Shri Nagaraju highlighted the crucial role of public sector banks in building a digitally inclusive and sustainable India.
Focus on Innovation and Customer Experience
On this landmark occasion, Bank of Baroda announced the launch of multiple innovative products and services designed to meet the evolving needs of customers across diverse segments, from individual retail users to MSMEs and corporate clients.
The Bank introduced the bob World Business app, a next-generation digital banking solution tailored for MSMEs, merchants, and corporate customers. The app is designed to provide a seamless experience by integrating digital payments, transaction management, and business insights on a single platform.
In a significant leap towards immersive digital experiences, the Bank announced the pilot launch of a Virtual Front Office powered by AI and 3D holographic technology. This futuristic service will allow customers to interact with virtual banking representatives, enhancing convenience and personalization.
The bob इ Pay International suite was also unveiled, expanding the scope of global UPI functionalities integrated into the bob इ Pay app. This upgrade is expected to enhance cross-border payment solutions for customers, aligning with India’s vision of strengthening its digital payment ecosystem globally.
Another customer-focused initiative is the introduction of the bob inSIGHT Braille Debit Card, designed for visually impaired customers. This inclusive product demonstrates the Bank’s focus on accessibility and empowerment for all customer groups.
Commitment to Sustainability and Green Finance
As part of its long-term vision, Bank of Baroda emphasized its dedication to environmental responsibility and sustainable finance. The Bank announced Green Financing schemes that aim to support eco-friendly projects and initiatives, thereby contributing to India’s sustainable development goals. By integrating sustainability into its business strategy, the Bank aims to lead the transition toward greener banking practices.
Leadership Speaks: Vision for the Future
Shri M. Nagaraju, Secretary, DFS, lauded the Bank’s achievements and its role in India’s economic growth. He stated, “On its 118th Foundation Day, Bank of Baroda’s rich legacy stands as a testament to enduring trust, resilience, and a commitment to innovation. As we march towards the vision of Viksit Bharat@2047, public sector banks like BoB will continue to play a pivotal role by facilitating inclusive growth, supporting MSMEs, and empowering youth, backed by technology-driven banking.”
Shri Debadatta Chand, Managing Director & CEO of Bank of Baroda, also shared his vision on the occasion. He said, “For well over a century, Bank of Baroda has earned the trust of its stakeholders by supporting their aspirations. This trust is not just part of our legacy; it continues to inspire us to innovate boldly and responsibly, making banking simpler, smarter, safer, and more accessible. On our 118th Foundation Day, through the initiatives being announced, we renew our promise to our customers and the nation – to be a steadfast partner in building a more inclusive, sustainable, and digitally-empowered India.”
A Legacy of Trust and Progress
Founded in 1908, Bank of Baroda has grown into a trusted institution with a global presence, serving millions of customers across personal, business, and corporate banking segments. Over the years, the Bank has continuously embraced technological advancements, from modern digital solutions to AI-based services, while upholding its core values of transparency, reliability, and customer-first service.
The 118th Foundation Day celebrations underline the Bank’s focus on future-ready strategies that prioritize both innovation and sustainability. With new-age products like the bob World Business app, AI-powered virtual services, and inclusive solutions like Braille debit cards, BoB aims to set benchmarks for customer experience while aligning with India’s digital transformation journey.
By launching green finance initiatives, the Bank further reinforces its commitment to environmental stewardship and responsible banking practices. The combination of digital transformation and sustainable growth is poised to strengthen BoB’s position as a leader in the Indian and global banking landscape.
As the Bank steps into its 119th year, the guiding principle of “Trust Empowered by Innovation” will continue to shape its vision, ensuring that technology, customer trust, and sustainability remain at the heart of its operations.
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