Established in 1908, the Bank of Baroda is an Indian government undertaking, with a record of uninterrupted profits since inception.
It has more than 4,000 branches, and also
offers a global link with 97
branches/offices/ subsidiaries spread out in
26 countries across the world.
Bank of Baroda’s New York journey began
in 1979. The more than three decades since
has been of significant service with an
unblemished record of excellent reputation
in the US.
The New York branch, located in midtown Manhattan on Park Avenue, is FDIC
insured since 1980.
Among its customers, the bank is said to
be synonymous with security, safety,
soundness, service with smile and swiftness
in operations. The motto of the Bank is
Bank of Baroda relies on state-of-the-art
technology enabled banking with seamless
straight-through-processing of wire trans-
fers. Many other IT initiatives are also in
place with many more in the offing so that
the bank can serve its customers better.
“Our true strength lies in our personal
and friendly approach with warmth, which
you can witness when you visit us,” says
Ashok Kumar Garg, the bank’s chief executive for US operations.
Garg explains further that Bank of Baroda
is not only India's international Bank, but
also an emotional bank built on the edifice
of more than a century of relationship
banking with devoted and dedicated staff
and the patronage of millions of enlightened customers.
Apart from the bank’s geographical presence, customers can benefit from its wide
range of products and services.
Before moving to New York as the bank’s
chief executive, Garg was the Managing
Director of Bank of Baroda (Uganda) Ltd.
While in Kampala, Garg also served as the
Chairman of Baroda Capital Markets Ltd.,
Uganda, as Director on the Board of
Uganda Securities Exchange (USE) and also
a Director on the Board of Uganda Institute
of Banking & Financial Services Ltd.,
Garg has been with Bank of Baroda since
1979. He holds a Masters Degree in
Commerce and a Bachelor’s Degree in Law
from Delhi University.
An aluminous of Shri Ram College of
Commerce (SRCC), Delhi University, Garg
is also a Certified Associate of Indian
Institute of Banking & Finance (CAIIB).
In a career spanning over 34 years with
Bank of Baroda, he acquired rich experience of diverse banking operations, a thorough knowledge of project management,
compliance function, training and development, risk management, financing of retail,
SME, wholesale, agriculture and international trade.
Garg has held a wide range of responsibil-
ities in domestic as well as international
operations of the Bank in various capacities.
He has held key leadership positions as
Deputy General Manager (Rural and
Agriculture Banking) at the Corporate
Office of the Bank in Mumbai; as Regional
Head of Kanpur Region (UP) with 207 outfits; and Deputy Regional Head of Delhi
Metro Region-I with business of around
INR 160,000 million.
He also had a stint of three years as
Financial Controller of Bank of Baroda,
London; Head of Training Institute in
Baroda and Project Manager of Lending
Automation Software at Corporate Office,
Under his stewardship Bank of Baroda
(Uganda) Ltd., Kampala, was conferred
with many awards and accolades in 2013.
Some of Garg’s notable achievements in
Africa and before in a career spanning 34
* Instrumental in bringing about all
round economic development of the country by providing timely, need-based financial help in a cost-effective and hassle-free
manner right from the agriculturist to individual retailers; Small & Medium
Enterprises; Large manufacturing units;
wholesale traders, Importers/ Exporters,
Govt. Organizations etc thus improving disposable income.
* International Award for Business
Excellence 2013: The was conferred with
the prestigious "International Award for
Business Excellence 2013" by the Global
Trade Leaders' Club, Madrid, Spain as
recognition of its work, devotion, innovation and quality to develop the industry and
trade in the country.
* Superbrand East Africa 2013-2014
Baroda-Uganda has achieved the status of
Superbrand East Africa 2013-2014 by
Superbrands, the world's largest independent arbiter of branding. The Superbrand
status is awarded on the basis of quality of
products & services, reliability to consistently deliver on its promise & distinction in
* Contributed for the social cause by supporting heart surgery of Ugandan children,
supporting cancer patients, organizing
blood donation camps, providing scholarships to students, supporting sports, such
as badminton, rugby and supporting cultural activities etc.
* Pearl of Africa Lifetime Award 2013:
Garg was conferred with "Pearl of Africa
Lifetime Achievement Award for 2013" by
Public Opinions, Uganda. The award is
given as an honor of his contribution
through the Bank toward attainment of the
United Nations Millennium Development
Goals in Uganda and socio-economic transformation of the country. Garg was the only
banker who was honored in this year's Pearl
of Africa Life Time Achievement Award.
* Commercial Bank of the Year-Uganda:
2014 award by the International Banker,
London, a renowned financial magazine
having an established readership base of
over 100,000 senior decision-makers
around the world. The award identifies the
best organization in the sector, measured
not only by growth, liquidity and profitability but taking into consideration issues such
as product innovation, use of IT, corporate
governance, transparency and sustainabili-ty.
More information about of Bank of
Baroda products and services in the US
can be found at www.bankofbaroda-usa.com
Decades of profitable banking and counting
Bank of Baroda, NY,
India Abroad January xx, 2014
Pravasi Bharatiya Divas Response Feature
Ashok Kumar Garg, left, chief executive of Bank of Baroda’s US operations, receiving the
“International Award for Business Excellence 2013” in July 2013, from Ricardo Roso Lopez,
Secretary General and CEO of Global Trade Leaders Club in Madrid, Spain.