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Bank of India

Indian public sector bank

Summary

Indian public sector bank

Field	Value
name	Bank of India
logo	Bank_of_India_logo.svg
logo_size	250px
logo_alt	Bank of India Logo
logo_caption	Relationship beyond Banking
image	BKC_-_panoramio.jpg
image_caption	Bank of India HQ in BKC
type	Public
traded_as

ISIN
num_locations
num_locations_year	December 2024
key_people
industry
products
<!--	global_business	(2021) --	revenue = (2023)
operating_income	(2023)
net_income	(2023)
assets	(2025)
owner	Government of India (73.38%)
num_employees	50,564 (2025)
ratio	16.06% (Dec 2023)
homepage
foundation
location	Mumbai, Maharashtra, India
subsid	BOI Merchant Bankers Ltd

BOI Shareholding Ltd Bank of India Investment Managers Pvt Ltd Bank of India Trustee Service Pvt Ltd RRBs: Madhya Pradesh Gramin Bank

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 2024, Bank of India's total business stands at , has 5,202 branches and 8166 ATMs & CRM around the world (including 22 overseas branches).

History

Bank of India was cofounded on 7 September 1906 by Ramnarain Ruia (also known as Ramnarain Hurnundrai), Sassoon Jacob Hai David, Ratanjee Dadabhoy Tata, Gordhandas Khattau, Sir Cowasjee Jehangir, Lalubhai Samaldas, Khetsey Khiasey, Jenarrayen Hindoomull Dani, Noordin Ebrahim Noordin, and Shapurji Broacha from Mumbai, India. The Bank was under private ownership and control till 19 July 1969 when it was nationalised along with 13 other banks.

Beginning with one office in Mumbai, with a paid-up capital of 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.

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
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]
2019–2023: Atanu Kumar Das
2023–Present: Rajneesh Karnatak

References

(29 April 2023). "Rajneesh Karnatak appointed MD & CEO of Bank of India". The Times of India.
"Annual Report of Bank of India".
"Annual Report of Bank of India".
"Share Holding Pattern 2021".
"Employee strength of Public Sector Banks". Government of India, Ministry of Finance.
Bureau, BL Mumbai. (2025-01-24). "Bank of India's Q3FY25 net profit up 35%".
Reporter, BS. (March 4, 2025). "Bank of India adds 111 new branches to expand urban, semi-urban reach". [[Business Standard]].
"Bank's Founder Members". Bank of India.
indiainfoline.com. "VR Iyer, Chairperson & Managing Director, Bank of India".
(25 May 2023). "Stocks".
(5 May 2017). "Govt appoints heads of 7 public sector banks; managing directors of PNB, BoI shifted". Hindustan Times.

Wikipedia Source

This article was imported from Wikipedia and is available under the Creative Commons Attribution-ShareAlike 4.0 License. Content has been adapted to SurfDoc format. Original contributors can be found on the article history page.

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