Not SBI, HDFC, PNB, Axis, or ICICI, THIS bank holds the title for ‘Best Bank in India’, it is…, was founded by…

THIS bank holds the title for ‘Best Bank in India’. It was founded on July 20, 1908 by Sir Maharaja Sayajirao Gaekwad III.

Banking is an essential component of economic growth within any nation. Banks are the cornerstone of the banking system; they are responsible for establishing and providing a stable banking system that enables individuals and businesses to save and borrow money, as well as provide other essential financial services to their customers. There are many different types of banks in India, including public sector banks, private banks, regional rural banks, cooperative banks, and foreign-based banks. Each bank serves a specific group of individuals or businesses within that sector. Most importantly, not only do banks enable individuals to manage their finances safely, but also by providing capital to businesses, supporting development through the provision of capital to businesses, promoting international trade, and providing capital for infrastructure development, banks also play an essential role in the development of the economy of country.

What is the name of the bank that has been crowned ‘Best Bank in India’?

There are different kinds of banks. There are State Bank of India(SBI), Punjab National Bank (PNB), HDFC Bank and ICICI Bank. But do you know which is recognised as ‘Best Bank in India’
at The Banker’s Bank of the Year Awards 2025? It is not SBI, PNB, ICICI, Axis or HDFC, the title goes to…

Bank of Baroda (Bank), one of India’s leading public sector banks, has been recognised as ‘Best Bank in India’ at the prestigious Bank of the Year Awards 2025 by The Banker magazine, a Financial Times publication.

“The award celebrates Bank of Baroda’s excellence, innovation, and outstanding contribution to the banking industry. It underscores the Bank’s continued focus on delivering superior financial performance, driving digital transformation, enhancing customer experience, and strengthening its leadership in the Indian banking sector,” reads the press release published by the Bank.

“This recognition as Best Bank in India reaffirms Bank of Baroda’s journey of consistent and sustainable growth and transformation. As we continue to strengthen the core fundamentals of a strong and progressive bank, this award reflects the trust of our customers, the commitment of our people, and our unwavering focus on building a resilient, future-ready institution that contributes meaningfully to India’s growth story,” Dr. Debadatta Chand, Managing Director & CEO, Bank of Baroda stated.

Who founded this top-ranked bank in India?

The Bank of the Year Awards honour top financial institutions globally. For the country awards, winners are selected based on a number of parameters such as financial performance, strategic initiatives, technological innovation, sustainability programmes, and service to both retail and corporate clients.

When was this bank established?

Bank of Baroda was established on July 20, 1908, and is a premier commercial bank in India. The bank was founded by Sir Maharaja Sayajirao Gaekwad III. The Government of India owns 63.97% of the bank’s total assets. The Bank has approximately 180 million customers all over the world. The Bank serves its global customers base of over ~180 million through around 65,000 touch points spread across 15 countries in five continents and through its various digital banking platforms, which provide all banking products and services in a seamless and hassle-free manner.