Page 151 - Confluence - Souvenir 2023 - Flip Book

The UAE-India relationship enjoys a strong bond based on age-old cultural, religious and
economic ties between the two nations. It is under the blessings of these unwavering ties Bank
of Baroda sowed its seeds in UAE with the opening of first branch in Dubai on 25 June, 1974.
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The branch was inaugurated in the august presence of the late Sheikh Rashid bin Saeed Al
Maktoum (may Allah bless his soul). Bank opened its 2 branch in Abu Dhabi on 23 July,
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1974 followed by opening of more branches subsequently. Today, Bank of Baroda functions
in the UAE as the only Indian Bank with a full-fledged banking operations license and has
a wide network comprising of 5 Branches at Dubai, Deira, Sharjah, Abu Dhabi and Ras-Al-
Khaimah, 45 ATMs, 9 Electronic Banking Service Units (EBSUs) at Burdubai (Dubai), Sheikh
Zayed Road (Dubai), DMCC, Al Mas Tower (Dubai), Al Qusais (Dubai), Mussafah (Abu Dhabi),
Shabiya (Abu Dhabi), National Paints (Sharjah), Hamriyah Free Zone (Sharjah) and RAKIA
(Ras-Al-Khaimah) marking 49 years of our glorious banking presence in UAE.

At Bank of Baroda UAE, it has been our strong endeavor to not only address the banking and
financial needs of the Indian diaspora as well as the local community but also develop a
synergy between Indian business persons and the local establishments. This is in line with our
objective of being a top ranking bank in UAE committed to augmenting stake holders’ value
through concern, care and competence.
With our utmost emphasis on business transformation encompassing People, Process,
Products and Technology, we provide a wide range of services to our customers such as
Internet Banking, Mobile Banking, Online Remittance, Rapid Funds to India, Cash on Mobile
etc. Further, we also deeply value the growing aspirations of individuals and business
community in UAE and to cater to their evolving needs, Bank has established large bouquet of
products such as Retail Lending, SME & Corporate Finance, Syndicated Loans, Trade Finance
and Treasury Products to provide the entire gamut of services to its customers under one roof.

We also take immense pride in the tremendous support and enormous faith reposed in us by
our NRI customers in bank’s glorious journey till date and in order to address their various
banking needs we offer a wide range of products and services ranging from digital banking ( E-
Statement, Net Banking, Mobile Banking), personalized debit cards aided with Green Pin
generation facility through mobile banking application; remittance services with attractive
rates; attractive interest under our various deposit scheme such as NRE Term Deposit (1 to 10
years), Rupee Linked Foreign Currency Deposit (1 to 3 years) and FCNR (B) deposit (1 year to 5
years) and Non-Callable Term Deposit scheme for a period (1 year to 10 years); retail advances
facilities such as Housing Loan, Mortgage Loan, Car Loan etc; Complimentary Services through

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