Bank of Baroda was established in 1908 by Maharaja Sayajiro Gaekwad by the 1897 Companies Act. The bank is state owned and is headquartered in Vadodara, Gujarat. Bank of Baroda has over 106 branches in about 24 countries around the world. Retail banking is the bank’s core business via its subsidiaries and branches in Africa. The BOB is one of the largest banks in India as well as has sizeable shares at the National Stock Exchange.