The Work Index by Flexa

Bank of Baroda

Bank of Baroda is an Indian state-owned international banking and financial services company.

https://www.bankofbaroda.in/
5.2

/10

Transparency ranking

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Description

Bank of Baroda is an Indian state-owned international banking and financial services company headquartered in Vadodara, Gujarat. Founded in 1908 by the Maharaja of Baroda, the bank was nationalized in 1969 and has since grown into a major player in the Indian banking landscape. Bank of Baroda boasts a strong international presence, with branches and offices in 17 countries, serving over 165 million customers globally. The bank offers a wide range of products and services, including personal banking, business banking, investment banking, insurance, and treasury services.

Bank of Baroda is committed to promoting financial inclusion and social responsibility. It actively participates in CSR activities through initiatives like skill development programs, healthcare and sanitation projects, women empowerment initiatives, and social welfare programs. The bank has also been recognized for its innovative initiatives, including the establishment of Retail Loan Factories, SME Loan Factories, and Gen-Next branches. In addition, Bank of Baroda has been recognized for its employee engagement practices, winning several awards for its Human Resources initiatives.

Benefits

Bank of Baroda offers a comprehensive benefits package to its employees, including a robust learning and development program, performance-based rewards and recognition, employee assistance programs for personal and professional well-being, and various initiatives focused on fostering a positive work culture and employee engagement.

Mission

Bank of Baroda's mission is to be a top-ranking National Bank of International Standards, committed to enhancing stakeholder value through concern, care, and competence. They strive to be a reliable partner for their customers, offering a one-stop solution for diverse financial needs, while providing rewarding careers for employees and maximizing returns for investors and business partners.

Automation
Data-driven
Sustainability

Culture

Bank of Baroda promotes a culture of customer centricity, integrity, courage, passionate ownership, innovation, excellence, and respect. The company encourages employees to be ethical and transparent in their dealings, prioritize customer needs, be resilient in the face of challenges, take ownership of their work, embrace new ideas, strive for continuous improvement, and value the worth and dignity of all employees.

Agile and dynamic
Collaborative
People-first
Progressive
Supportive
Transparent

DE&I

Bank of Baroda embraces diversity, equity, and inclusion as core values, recognizing that a diverse workforce fosters innovation, creativity, and a deeper understanding of its diverse customer base. The bank actively promotes a culture of inclusivity through its policies, programs, and initiatives, which include talent identification and grooming programs, structured on-boarding for new hires, and a comprehensive leadership development program (WeLead). The bank has also implemented an objective and growth-oriented Performance Management System (Baroda GEMS) to ensure fairness and equity in performance evaluations, and fosters employee engagement through various initiatives under its Baroda Anubhuti program.

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