As the United Arab Emirates commemorates its 54th National Day, Bank of Baroda reflects on its substantial five-decade partnership with the nation, highlighting a journey of mutual economic advancement and community development. Since establishing its first branch in June 1974—merely three years after the UAE’s formation—the bank has grown alongside the Emirates’ rapid transformation into a global economic hub.
The Indian financial institution commenced operations during the UAE’s foundational growth period, expanding with an Abu Dhabi branch in July 1974. Today, Bank of Baroda maintains the distinctive position as the sole Indian bank providing comprehensive financial services across the Emirates through five full-service branches in key locations including Dubai, Deira, Sharjah, Abu Dhabi, and Ras Al Khaimah. This network is supplemented by 9 Electronic Banking Service Units and 44 ATMs.
Bank of Baroda’s service portfolio has evolved to address contemporary market demands, offering specialized solutions in SME and corporate finance, syndicated loans, retail lending, trade finance, and treasury products. The institution acknowledges the UAE’s role in creating an enabling environment for the Indian diaspora to thrive economically while providing businesses with opportunities for innovation and expansion.
The bank’s operational philosophy emphasizes deep community engagement, particularly through dedicated services for the NRI community. A centralized NRI Cell and specialized NRI Desks across all branches facilitate personalized banking experiences, reflecting the institution’s commitment to this demographic.
In his National Day message, Jagdish Tungaria, Chief Executive for GCC Operations, expressed gratitude for customer trust and reaffirmed the bank’s commitment to supporting the UAE’s future vision centered on technological advancement, sustainability, and global leadership. The statement extended heartfelt greetings to the nation’s leadership and citizens, recognizing National Day as a celebration of unity, progress, and inspirational national achievement.