Bank of Baroda UAE marks 50th year of excellence in UAE

The bank offers an extensive portfolio of products, catering to retail lending, SME and Corporate finance, syndicated loans, trade finance, and treasury products.

In a momentous celebration, Bank of Baroda-UAE, the sole Indian bank in the UAE offering comprehensive banking services, commemorated its golden jubilee, marking its 50th year of glorious presence in the UAE. Having established its presence in UAE in 1974, the bank has traversed a remarkable journey over the past five decades, emerging as a premier provider of financial solutions to both the Indian diaspora and the local populace.

Distinguished attendees, including Indian Ambassador to the UAE, Sunjay Sudhir, Global Executive Director, Lalit Tyagi, and Chief Executive of GCC operations, Nishant Ranjan convened to honour this milestone. During the festivities, the Indian Ambassador highlighted the instrumental role of the past nine years in elevating the India-UAE relationship, with the recent introduction of the rupee dirham trade further cementing economic ties between the two nations.

Nishant Ranjan, the driving force behind the GCC operations at Bank of Baroda, underscored the bank’s unyielding commitment to offering inventive and competitive financial solutions. He emphasized the institution’s customer-centric approach, dedicated to crafting personalized experiences through diverse channels and platforms.

Ranjan expressed, “Our evolution mirrors the evolving preferences of our valued customers. The bank has a suite of digital delivery channels. This approach not only resonates with the local communities but also strengthens the synergy between the Indian and UAE cultures.

The bank’s commitment to innovation also extends to alternative delivery channels, including a dedicated NRI desk and sales desk, designed to cater to the unique needs of non-resident Indians.

Ranjan also highlighted the bank’s dedication to providing specialized services and products, particularly for its NRI customer base. The bank offers a comprehensive suite of digital banking options, remittance services, and retail advances facilities to meet their distinctive requirements. The commitment to exceptional service has garnered recognition in the prestigious list of Forbes-Statista World’s Best Banks 2023.

As the bank looks ahead, its vision encompasses robust digital expansion. With an aspiration to fortify ties with both the Indian expatriate community and local residents, Bank of Baroda UAE aims to foster synergy among various business segments. The bank’s comprehensive services range from internet banking and mobile banking to online remittance, all tailored to meet individual banking needs.

Additionally, the bank offers an extensive portfolio of products, catering to retail lending, SME and Corporate finance, syndicated loans, trade finance, and treasury products. Reflecting on the journey thus far, Ranjan expressed confidence in the bank’s trajectory, backed by technological advancements and a passion for innovation. “Our enduring growth and success are indebted to our customers, who have placed their unwavering trust in us over the past five decades. We are appreciative of their support.”

As the institution moves forward, Bank of Baroda UAE remains steadfast in its commitment to excellence, poised to continue shaping the financial landscape of the UAE. The Golden Jubilee Celebrations ended with the cultural performances by Padmashree Anup Jalota.