Morbi or Morvi is situated in the Morbi district of Gujarat. It used to be a Princely State that was ruled by the Ranas of Rajputs before the Indian independence in 1947. During the British era, the Morvi State was one among the several princely states that were governed by the Jadeja dynasty of Rajputs. The city is on the Kathiawar peninsula and is situated on the Machhu River. The dam on this river caused the Morbi disaster in 1979 when the Machu-2 dam burst, sending an enormous wall of water through the town and flooded Morbi. As of the latest census, Morbi has around 2 lakh residents who speak in Gujarati. Morbi experienced dynamic development n between 1922 and 1948, during which Sir Lakhdhiraji Waghji ensured commendable town planning and constructed many heritage buildings in and around the city. Morbi is known for its production of ceramic items and Compact Fluorescent Lamp. Moreover, the city is known to be the largest manufacturers of wall clocks in India.
Bank of Baroda (BoB) is a financial services company headquartered in Vadodara, Gujarat, India and have its corporate office in Mumbai. It is ranked 1145 on Forbes Global 2000 list, as per 2017 data. The total assets of BOB are more than ? 3.58 trillion (making it Indias 2nd biggest bank by assets).It has 5538 branches in India and overseas, and 10441 ATMs as of July 2017. On 20 July 1908, The Bank of Baroda was found by the Maharaja of Baroda, Maharaja Sayajirao Gaekwad III in Gujarat. It was nationalized on 19 July 1969, by the Government of India along with 13 other major commercial banks of India, and has been designated as a profit-making public sector undertaking. In 1910, BoB started its first branch in Ahmedabad. It went abroad for serving the Indian communities in Kenya and Uganda, then in 1953, by establishing a branch each in Mombasa and Kampala. The next year a second branch was opened in Nairobi, Kenya and in 1956 it opened an office in Tanzania at Dar-es-Salaam. Then in 1957, BoB took a giant step abroad by establishing a bank branch in London. In 1958, BoB acquired Hind Bank established in Calcutta in 1943, which became BoBs first domestic acquisition.