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Subsidiary	Subsidiary
BOBCARDS Ltd. BOB Capital Markets Ltd. Nainital Bank Ltd.	Bank of Baroda (Botswana) Ltd. Bank of Baroda (Kenya) Ltd. Bank of Baroda (Uganda) Ltd. Bank of Baroda (Guyana) Ltd. Bank of Baroda (UK) Ltd. Bank of Baroda (Tanzania) Ltd Bank of Baroda (Trinidad & Tobago) Ltd. Bank of Baroda (Ghana) Ltd.
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	Bank of Baroda (Thailand) Bank of Baroda (Malaysia) Bank of Baroda (Australia)
Associate	Associate
Baroda Pioneer Asset Management Company Ltd UTI Asset Management Company Ltd UTI Trustee Company Pvt Ltd Baroda Uttar Pradesh Gramin Bank Baroda Rajasthan Gramin Bank Baroda Gujarat Gramin Bank Nanital -Almora Kshetriya Gramin Bank Jhabua-Dhar Kshetriya Gramin Bank	Indo-Zambia Bank Ltd. (Lusaka)

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