Maharaja Sayajirao Gaekwad III not only spearheaded educational and social reforms but also played a pivotal role in the economic development of Baroda State. Among his notable economic enterprises, the establishment of a railroad and the founding of the Bank of Baroda in 1908 stand out prominently.
Under Sayajirao III’s reign, the economic systems underwent significant reorganization. The Bank of Baroda, established in July 1908 under the Companies Act of 1887, has since grown and expanded successfully. Celebrating over a century of existence, the bank now operates in 25 countries worldwide. It maintains approximately 495 urban and 561 semi-urban branches across India, with an additional 63 branches internationally.
During the years 1913 to 1917, a financial crisis led to the closure of 87 banks in India. Despite these challenges, the Bank of Baroda weathered the storm due to its steadfast financial integrity, a legacy that continues to define its ethos today.
Throughout its evolution, the Bank has garnered a reputation for commitment, values, and uncompromising service standards. It remains one of India’s most esteemed financial institutions, reflecting the visionary leadership of Maharaja Sayajirao Gaekwad III, who once governed one of India’s most prosperous Princely States.
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