Bank of India

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Bank of India

Relationship beyond Banking
Bank of India HQ in BKC
Company type	Public
Traded as	BSE: 532149 NSE: BANKINDIA
ISIN	INE084A01016
Industry	Banking Financial services
Founded	7 September 1906; 118 years ago (1906-09-07)
Headquarters	Mumbai, Maharashtra, India
Number of locations	5,139 Branches 5,551 ATMs  (March 2023)
Key people	Rajneesh Karnatak (MD & CEO)[1]
Products	Retail banking Corporate banking Investment banking Mortgage loans Private banking Wealth management Asset management Investment management Risk management Mutual funds Exchange-traded funds Index funds Credit cards Insurance
Revenue	₹66,804 crore (US$8.0 billion) (2023)[2]
Operating income	₹4,828 crore (US$580 million) (2023)
Net income	₹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.bankofindia.co.in

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.

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]

• 1969–1970 : Tribhovandas Damodardas Kansara
• 1970–1975 : J.N.Saxena
• 1975–1977 : C.P.Shah
• 1977–1980 : H C Sarkar
• 1981–1984 : N Vaghul
• 1984–1986 : T. Tiwari
• 1987–1991 : R. Srinivasan
• 1992–1995 : G. S. Dahotre
• 1995–1997 : G. Kathuria
• 1997–1998 : M.G.Bhide
• 1998–2000 : S Rajagopal
• 2000–2003 : K.V.Krishnamurthy
• 2003–2005 : M.Venugopalan
• 2005–2007 : M Balachandran
• 2007–2009 : T. S. Narayanswami
• 2009–2012 : Alok Kumar Misra
• 2012–2015 : Ms. V.R.Iyer ^[6]
• 2015–2015 : B.P. Sharma [Executive Director with Additional charge as MD & CEO]
• 2015–2017 : Melwyn Rego [MD & CEO]
• 2017–2019 : Dinabandhu Mohapatra [MD & CEO] ^[7]
• 2019–2023: Atanu Kumar Das
• 2023–Present: Rajneesh Karnatak

• Banking in India
• List of banks in India
• Reserve Bank of India
• Indian Financial System Code
• List of largest banks
• List of companies of India

• Official website
• Business data for Bank of India: Reuters Google Finance BloombergQuint