Navi Mumbai is a planned township in the Indian state of Maharashtra. It is a beautiful and well-organized city located in the Thane district towards the north-east of Mumbai. Navi Mumbai was originally planned in 1971 with an aim to decongest the great city of Mumbai. This new township is a fast developing residential and commercial area that offers all modern infrastructure and amenities. A considerable amount of commercial activities are being gradually shifted from Mumbai to this new township. Navi Mumbai flouts its organized roads that offer excellent connectivity. A new international airport at Navi Mumbai is currently under construction. Navi Mumbai is also famous for its many shopping malls and upcoming residential complexes. Most of the software companies that are operational in Maharashtra have opened their offices in Navi Mumbai. The government of Maharashtra has taken initiatives to set up IT parks at Navi Mumbai to cater to the growing demand or this rapidly growing city. It also helps declutter Mumbai and takes considerable pressure off it. Various educational institutions have come up in Navi Mumbai, offering courses in a variety of streams including engineering, medical sciences, hotel management, interior designing, etc. This young city has already become an active business hub since most of the MNCs based in Mumbai have set up their offices in this new city. Along with plenty of employment opportunities, this city offers entertainment and recreational facilities to ensure a comfortable life for the residents.
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.