The large city of Shimoga in the Indian state of Karnataka functions as the district headquarters of Shimoga District. The city has been officially renamed shivamogga in 2014. It is located in the central part of Karnataka, on the banks of the Tunga River and serves as a gateway to the hilly regions of the Western Ghats. Shivamogga is popularly nicknamed as the "Gateway of Malnad." Shimoga experiences a tropical wet and dry climate and has a population of around 3.3 lakh. Shimoga is an important center for education with its wide variety of prestigious schools as well as colleges. Industries such as Malnad Alloys, Pearlite Industries, Vijay Technocrats, Perfect Alloys, Shanthala Sperocast, etc. are some foundries that manufacture castings which are supplied to other related industries in the country as well as exported. The city is surrounded by lush green paddy fields, chili plantations, areca nut and coconut groves which contributes to the economy of the city. An IT Park is being constructed at Shimoga, near the upcoming Shimoga airport.
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.