Bank Of India (BoI) Is An Indian Public Sector Bank Headquartered At The Bandra Kurla Complex In Mumbai. It Was Established In 1906 And Has Been Government Owned Since Its Nationalization In 1969. BoI Is A Founding Member Of SWIFT (Society For Global Interbank Financial Telecommunication), Which Is Dedicated To Providing Cost-effective Financial Processing And Communication Services.
Bank Of India Had A Total Business Of Rs 12.72887 Trillion ($150 Billion) As Of December 31, 2023 And Had 5,139 Branches And 8,166 ATMs And CRMs (including 22 Overseas Branches) Worldwide.
HISTORY
The Bank Of India Was Established On September 7, 1906 By A Group Of Prominent Businesspeople From Mumbai, Maharashtra, India. The Bank Remained Under Private Ownership And Control Until It Was Nationalized Along With 13 Other Banks On July 19, 1969.
Starting From An Office In Mumbai With Paid-up Capital Of Rs. 5 Million ($60,000) And 50 Employees, The Bank Has Grown Rapidly Over The Years And Has Grown Into A Powerful Institution With A Strong National Presence And A Large International Presence. In Terms Of Business Volume, The Bank Holds A Leading Position Among State-owned Banks.
The Bank Has More Than 5,084 Branches In India Spread Across All States And Union Territories, Including Dedicated Branches. These Branches Are Controlled Through 54 Regional Offices. There Are 60 Branches, 5 Subsidiaries And 1 Joint Venture Abroad.
The Bank Had Its Initial Public Offering In 1997 And Its Qualified Institution Placement Was Launched In February 2008.
CMD Since Nationalization
Damodardas Kansara
- 1970 - 1975: J.N. Saxena
- 1975 - 1977: C.P. Shah
- 1977 - 1980: Sakha
- 1981 - 1984: Wagur
- 1984 - 1986: Tiwari
- 1987 - 1991: R. Srinivasan
- 1992 - 1995: G. S. Dahotre
- 1995 - 1997: G. Katuria
- 1997 - 1998: M. G. Bhide 1998 - 2000: Rajagopal 2000 - 2003: Krishnamurti
- 2003 - 2005: M. Venugopalan
- 2005 - 2007: Balachandran
- 2007 - 2009: T. S. Narayanswamy
- 2009 - 2012: A Locke Kumar Misra
- 2012 - 2015: Ms. V.R. Iyer
- 2015 - 2015: B.P. Sharma [Executive Director, Managing Director And Chief Executive Officer
- 2015 - 2017: Managing Director And Chief Executive Officer Of Melwyn Rego
- 2017 - 2019: Dinabandhu Mohapatra MD And Chief Executive Officer
- 2019 - 2023: Atanu Kumar Das
- 2023 To Present: Rajneesh Karnataka
Bank Of India, Established In 1906, Is A Major Commercial Bank In India, Headquartered In Mumbai. It Is One Of The State-owned Banks In India And Provides A Variety Of Financial Services Including Personal Banking, Corporate Banking, International Banking And Agricultural Finance Among Others.
Main Services
- Personal Banking: Provides Services Such As Savings Accounts, Time Deposits, Personal Loans, Home Loans And Credit Cards.
- Corporate Banking: Provides Loans, Cash Management, Trade Finance And Other Related Services To SMEs.
- International Banking: Has Branches In Multiple Countries And Provides Services Such As Foreign Exchange Transactions, Global Payment And Trade Finance.
- Agricultural Finance: Supports Agricultural Development By Providing Agricultural Loans And Related Financial Products.
Market Positioning
Bank Of India Occupies An Important Position In The Banking Industry In India And Is Committed To Providing Comprehensive Financial Services To All Types Of Customers. It Has An Extensive Branch Network Across The Country And Also Has A Certain Influence In The International Market.
Social Responsibility
Bank Of India Is Actively Involved In Social Responsibility Activities And Is Committed To Financial Inclusion And Sustainable Development. It Has Carried Out A Number Of Social Responsibility Projects In The Fields Of Education, Health And Rural Development.
