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Bank of India

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Bank of India

  • 4,963 branches in India
  • Overseas presence in 22 foreign countries spread over 5 continents
  • First among the nationalised banks to establish a fully computerised branch and ATM

Bank of India was founded on September 7, 1906 by a group of eminent businessmen from Mumbai. The bank was under private ownership and control till July 1969 when it was nationalised along with 13 other banks.

The bank has made a rapid growth over the years and has become one of the largest public sector banks with a strong national presence and sizable international operations. In business volume, the bank occupies a premier position among the nationalised banks.

The bank has 4,963 branches in India spread over all states/ union territories including specialized branches. These branches are controlled through 54 zonal offices. There are 60 branches/offices and 5 subsidiaries and 1 joint venture abroad.

Source: http://www.bankofindia.co.in/

Bank of India: Relationship beyond banking

2015

Signed a Memorandum of Understanding (MoU) with India Army pertaining to the defence salary package

2013

Established a wholly owned subsidiary in Botswana

2012

Established a wholly owned subsidiary in Uganda

2011

Established a wholly owned subsidiary in Auckland, New Zealand

2007

Acquired 76 per cent of Indonesia-based PT Bank Swadesi

2005

Opened a representative office in Vietnam

1997

The Bank came out with its maiden public issue

 

Banking
Bank accounts opened under the Government’s flagship financial inclusion drive Pradhan Mantri Jan Dhan Yojana (PMJDY) reached 40.05 crore and deposits in Jan Dhan bank accounts stood at more than Rs. 1.30 lakh crore (US$ 18.44 billion).