Bank of India

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
Headquarters	Mumbai, Maharashtra, India
Number of locations	5,177 Branches; 8,234 ATMs; (June 2024)
Key people	Rajneesh Karnatak; (MD & CEO);
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)
Operating income	₹4,828 crore (US$580 million) (2023)
Net income	₹3,839 crore (US$460 million) (2023)
Total assets	₹826,035 crore (US$99 billion) (2023)
Owner	Government of India
Number of employees	50,555(June 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)
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 30 June 2024, Bank of India's total business stands at ₹1,364,660 crore (US$160 billion),^[3] has 5,177 branches and 8234 ATMs & CRM around the world (including 21 overseas branches).^[5]

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.^[6]

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.^[6]

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 ^[7]
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] ^[8]
2019–2023: Atanu Kumar Das
2023–Present: Rajneesh Karnatak

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 "Annual Report of Bank of India" (PDF). Archived from the original (PDF) on 20 July 2021. Retrieved 20 July 2021.
^ "Share Holding Pattern 2021" (PDF). Archived from the original (PDF) on 17 October 2021. Retrieved 17 October 2021.
^ Cite error: The named reference Annual Report 2023-2024 was invoked but never defined (see the help page).
^ ^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

[1] "Rajneesh Karnatak appointed MD & CEO of Bank of India". The Times of India. 29 April 2023.

[PROFIT_&_LOSS_ACCOUNT_OF_BANK_OF_INDIA-2] "Annual Report of Bank of India" (PDF). Archived from the original on 20 July 2021. Retrieved 20 July 2021.

[Annual_Report_2020-21-3] "Annual Report of Bank of India" (PDF). Archived from the original (PDF) on 20 July 2021. Retrieved 20 July 2021.

[Share_Holding_pattern_2021-4] "Share Holding Pattern 2021" (PDF). Archived from the original (PDF) on 17 October 2021. Retrieved 17 October 2021.

[Annual_Report_2023-2024-5] Cite error: The named reference Annual Report 2023-2024 was invoked but never defined (see the help page).

[:0-6] ^ ^a ^b indiainfoline.com. "VR Iyer, Chairperson & Managing Director, Bank of India". Retrieved 27 January 2018.

[7] "Stocks". Bloomberg.com. 25 May 2023.

[8] "Govt appoints heads of 7 public sector banks; managing directors of PNB, BoI shifted". Hindustan Times. 5 May 2017.

[1]

[2]

[3]

[4]

[5]

[6]

[7]

[8]

Authority control databases
International	VIAF
National	Germany

History

CMDs since nationalization

See also

References

External links