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Bank of India (BoI) is an Indian public sector bank headquartered in Bandra Kurla Complex, Mumbai. Founded in 1906, it has been government-owned since nationalisation in 1969. BoI is a founding member of SWIFT (Society for Worldwide Inter Bank Financial Telecommunications), which facilitates provision of cost-effective financial processing and communication services.
Relationship beyond Banking
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Bank of India HQ in BKC
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| Company type | Public |
|---|---|
| BSE: 532149 NSE: BANKINDIA | |
| ISIN | INE084A01016 |
| Industry |
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| Founded | 7 September 1906; 117 years ago (1906-09-07) |
| Headquarters | Mumbai, Maharashtra, India |
Number of locations |
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Key people |
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| Products |
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| Revenue |  ₹66,804 crore (US$8.0 billion) (2023)[2] |
| ₹4,828 crore (US$580 million) (2023) | |
| ₹3,839 crore (US$460 million) (2023)[3] | |
| Total assets | ₹826,035 crore (US$99 billion) (2023)[3] |
| Owner | Government of India[4] |
Number of employees | 50,944(March 2024) |
| Subsidiaries | BOI Merchant Bankers Ltd
BOI Shareholding Ltd Bank of India Investment Managers Pvt Ltd Bank of India Trustee Service Pvt Ltd |
| Capital ratio | 16.06% (Dec 2023)[3] |
| Website | www |
As on 31 December 2023, Bank of India's total business stands at ₹1,272,887 crore (US$150 billion),[3] has 5,139 branches and 8166 ATMs & CRM around the world (including 22 overseas branches).[3]
Bank of India was founded on 7 September 1906 by a group of eminent businessmen from Mumbai, Maharashtra, India. The Bank was under private ownership and control till 19 July 1969 when it was nationalised along with 13 other banks.[5]
Beginning with one office in Mumbai, with a paid-up capital of ₹5 million (US$60,000) and 50 employees, the Bank has made a rapid growth over the years and blossomed into a mighty institution 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 over 5,084 branches in India spread over all states and union territories including specialized branches. These branches are controlled through 54 zonal offices. There are 60 branches, 5 subsidiaries, and 1 joint venture abroad.
The Bank came out with its maiden public issue in 1997 and follow on Qualified Institutions Placement in February 2008.[5]
