Question 1

What is Bank of Baroda (Botswana) Limited?

Accepted Answer

Bank of Baroda (Botswana) Limited is a subsidiary of the Indian state-owned Bank of Baroda, established in Botswana to provide comprehensive banking services to local businesses and individuals. Founded in 2001, the bank has grown to become an important financial institution in the country, offering a range of personal and business banking solutions.

Question 2

When was Bank of Baroda (Botswana) Limited founded?

Accepted Answer

The bank started its first branch in Gaborone on March 26, 2001. It is a 100% subsidiary of Bank of Baroda India, which itself was founded in 1908. The Botswana operation expanded with a second branch in Francistown in December 2007, followed by branches in G-West and Palapye.

Question 3

Where is Bank of Baroda (Botswana) Limited headquartered?

Accepted Answer

The bank is headquartered in Gaborone, Botswana. Its main office is located at Plot No. 14456, Kamoshungo Road, G-West Industrial, near Nokia Circle, Gaborone.

Question 4

Where does Bank of Baroda (Botswana) Limited operate?

Accepted Answer

Bank of Baroda operates across four branches in Botswana:
• Two branches in Gaborone
• One branch in Francistown
• One branch in Palapye

The bank also maintains 7 onsite and offsite ATMs to serve its customers across these locations.

Question 5

What services does Bank of Baroda (Botswana) Limited offer?

Accepted Answer

The bank provides a comprehensive range of banking services, including:

Personal Banking:
• Various savings accounts (Isago Savings, Motswedi Account, Poelo Savings, Premium Savings)
• Call Accounts
• Current Accounts
• Fixed Deposit Accounts
• Deposit at Notice Accounts
• Internet and Mobile Banking
• Debit Card Services

Business Banking:
• Business Accounts
• Term Loans
• Overdraft Facilities
• Foreign Currency Deposits (in USD, GBP, ZAR, and EURO)
• Remittance Services
• Collection Services

Question 6

What type of financial institution is Bank of Baroda (Botswana) Limited?

Accepted Answer

Bank of Baroda (Botswana) Limited is a commercial bank operating as a subsidiary of an international banking group. It is registered and regulated in Botswana, providing both retail and corporate banking services to local customers.

Question 7

What makes Bank of Baroda (Botswana) Limited unique?

Accepted Answer

Several distinctive features set the bank apart:
• Part of a 100+ year-old banking institution with global presence
• Strong technological infrastructure, including a modern core banking solution (Finacle 10)
• Robust digital banking platforms with mobile and internet banking
• Focus on supporting various sectors of the Botswana economy
• Consistently reporting growth, with a 17.15% business growth in the 2022-2023 financial year
• Maintained a healthy Capital Adequacy Ratio of 22.89% as of March 2023

Question 8

Additional Information

Accepted Answer

The bank has demonstrated strong financial performance, with a net profit of 73.42 million Pula in the 2022-2023 financial year and total advances growing to 1,803 million Pula, maintaining a healthy Credit-Deposit ratio of 81.34%.

Bank of Baroda (Botswana) Limited

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About Bank of Baroda (Botswana) Limited in Botswana