--An Article by Poojan Patel
Before modern banks, India's financial system relied on ancient practices like moneylenders and hawala traders. These early systems, though informal, laid the groundwork for a more organized banking structure. As trade expanded and the economy grew, the need for a formal banking system became clear. The Bank of Baroda's story reflects India's journey towards a modern financial system.
The Bank of Baroda (BoB) is an Indian state-owned banking and financial services organization, headquartered in Vadodara (earlier known as Baroda), in