Bank of India
Indian public sector bank
- Banking
- Financial services
Number of locations
- 5,139 Branches
- 5,551 ATMs
Key people
- Rajneesh Karnatak
(MD & CEO)[1]
- 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
₹66,804 crore (US$8.0 billion) (2023)[2] ₹4,828 crore (US$580 million) (2023)Net income
₹3,839 crore (US$460 million) (2023)[3]₹826,035 crore (US$99 billion) (2023)[3]Number of employees
BOI Shareholding Ltd
Bank of India Investment Managers Pvt Ltd Bank of India Trustee Service Pvt LtdBank 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]
History
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]
CMDs since nationalization
- 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
See also
- 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
References
- ^ "Rajneesh Karnatak appointed MD & CEO of Bank of India". The Times of India. 29 April 2023.
- ^ "Annual Report of Bank of India" (PDF). Archived from the original on 20 July 2021. Retrieved 20 July 2021.
- ^ a b c d e "Annual Report of Bank of India" (PDF). Archived from the original (PDF) on 20 July 2021. Retrieved 20 July 2021.
- ^ a b indiainfoline.com. "VR Iyer, Chairperson & Managing Director, Bank of India". Retrieved 27 January 2018.
- ^ "Stocks". Bloomberg.com. 25 May 2023.
- ^ "Govt appoints heads of 7 public sector banks; managing directors of PNB, BoI shifted". Hindustan Times. 5 May 2017.
External links
- Official website
- Business data for Bank of India: Reuters Google Finance BloombergQuint
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l - liquidated
Information updated as of January, 2020 by Department of Public Enterprises • See also Public sector banks in India
Information updated as of January, 2020 by Department of Public Enterprises • See also Public sector banks in India
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