BoB India's 2nd biggest bank by assets in excess of Rs. 3.58 trillion. Bank also offers personal banking services, such mobile banking and wealth management services; business banking services, such as Baroda Money Express, debit cards and collection services; corporate banking services, such as appraisal and merchant banking, and cash management and remittances; international banking services, such as export, import and trade finance, and correspondent banking; rural banking services, such as deposits, priority sector advances, financial inclusion and lockers, and treasury services, such as domestic and forex operations.

The government of India announced the merger of Bank of Baroda, Vijaya Bank and Dena Bank on September 17, 2018, to create the country's third largest lender. The company's subsidiaries are active in card issuing, asset management, and capital markets. Bank of Baroda has also sponsored five regional rural banks. The company operates in Europe, the Caribbean, Asia, the Middle East, Africa, and the Americas. They also offer fee based services such as cash management and remittance services. The Bank is having their head office located at Baroda and their corporate office is located at Mumbai. BOB also has a joint venture for life insurance business with India First Life Insurance. The bank has also sponsored three Regional Rural Banks namely Baroda Uttar Pradesh Gramin Bank Baroda Rajasthan Gramin Bank and Baroda Gujarat Gramin Bank.