Bank of India

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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 Template:Indian rupee1,446,295 crore ({{INRConvert/Expression error: Unrecognized punctuation character "[".|1446295|7||USD|year={{{year}}}}}),[1] has 5,202 branches and 8166 ATMs & CRM around the world (including 22 overseas branches).[2][3]

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[4] from Mumbai, 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 Template:Indian rupee5 million ({{INRConvert/Expression error: Unrecognized punctuation character "[".|5|6||USD|year={{{year}}}}}) 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

References

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External links

  • Script error: No such module "Official website".Script error: No such module "Check for unknown parameters".
  • Business data for Bank of India: Reuters Google Finance BloombergQuint

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