Kollam, formerly known as Desinganadu, is an old seaport and a thriving city in the Indian state of Kerala. It is a port city along the Laccadive Sea coast. Mar Sabor, an East Syriac bishop, had founded the Kollam Port. The city is situated on the banks of the Ashtamudi Lake. In ancient times, Kollam had a strong commercial relationship with the Chinese. Kollam city ranks 5th in the country and 3rd in Kerala in terms of per capita income and economic performance. The port city has an excellent export background. Fishing and dairy farming largely contribute to the citys economy. The government is about to establish a fishing harbor in the vicinity of the city in order to increase the fish production. Fisheries, hatcheries, turkey and poultry farms are also plentiful in the city. The city also has a rich mineral base. The sands on the beaches and the entire area has a good amount of heavy minerals such as Ilmenite, Monosite, Rutile and Zircon, which can be used for industrial purposes. There are limestone deposits and bauxite in and around the city. Kollam is often called the "Cashew Capital of the World", as the city is noted for its traditional cashew business. This city is a microcosm of Kerala and its residents are from various religious, ethnic and linguistic groups.
The subsidiary of BOB consists of BOB Capital Markets which is a SEBI-registered investment banking company based in Mumbai, Maharashtra. It is an entirely owned subsidiary of Bank of Baroda. Another wholly-owned subsidiary is Bobcards Ltd, a credit card company. The company is in the business of acquiring business & providing back-end support for Debit cards operations to the bank. In the year 1984, Bank of Baroda had launched its first charged card named BOBCARD. The Credit card division of Bank of Baroda managed the complete process of plastic card. The Bobcards Limited was established in the year 1994 to meet the needs of rapidly growing credit card industry in a focused manner. The Bank of Baroda had received Best Bank award for Global Business Development in Public Sector in Polaris Financial Technology Banking Awards held in 2014. The bank had also received ASSOCHAM Social Banking Excellence Award in the Public Sector Banks category, after getting recognized for the significant initiatives taken by the Bank in social banking sphere. In the year 2014, the bank had been awarded for being The Most Efficient Public Sector Bank? in the Best PSUs of India by Dalal Street Investment Journal Awards. The bank became the first National Sponsor in FIFA Under 17 World Cup India.