The foundation of Bank of India was laid in 7th September, 1906 by a group of eminent businessmen from Mumbai. Thus it was an private enterprise until it was nationalized in 1969 along with 13 0ther banks.
Over the years the bank has made rapid growth. It started with a paid-up capital of Rs.50 lakh and 50 employees, and later 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 nationalized banks.
Over the years the bank has made rapid growth. It started with a paid-up capital of Rs.50 lakh and 50 employees, and later 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 nationalized banks.
Bank of India has 2644 branches in India spread over all states/ union territories including 93 specialized branches. To control these branches there are 48 Zonal Offices. Bank of India has also opened many representative offices, branches and offices abroad. There are 24 branches/ offices (including three representative offices) abroad.
In 1997, the Bank came out with its maiden public issue. Total number of shareholders as on 30/09/2006 is 2,25,704.
Bank of India has launched successfully many schemes and services. Business has been conducted with the successful blend of traditional values and ethics and the most modern infrastructure. Among the Nationalized banks, Bank of India was first to establish a fully computerized branch and ATM facility at the Mahalaxmi Branch at Mumbai way back in 1989. The Bank is also a Founder Member of SWIFT in India. It pioneered the introduction of the Health Code System in 1982, for evaluating/ rating its credit portfolio.
Bank of India has long association with the Bombay Stock Exchange (BSE) to manage the BSE Clearing House. This association was culminated into a joint venture with BSE, called the BOI Shareholding Ltd. to extend depository services to the stock broking community. It was Bank of India that established first branch outside India at London, in 1946. In 1974 the Bank opened its branch in Paris in 1974. Today the Bank has sizable presence abroad, with a network of 23 branches (including three representative office ) at key banking and financial centers viz. London. New york, Paris,Tokyo, Hong-Kong,and Singapore. The international business accounts for around 20.10% of Bank's total business.
Contact Address
BANK OF INDIA
STAR HOUSE
C - 5, "G" Block,
Bandra Kurla Complex,
Bandra (East),
Mumbai 400 051.
Ph: . 022-66684444
BANK OF INDIA
STAR HOUSE
C - 5, "G" Block,
Bandra Kurla Complex,
Bandra (East),
Mumbai 400 051.
Ph: . 022-66684444
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