Mobile Banking & Payments

Internet Banking
Online Trading in Shares
Pay Bills
Book Ticket
Tax Payment
Star e-Remit
Internet Banking Demo
read more..

Remittance
Star Cash Managment Service
Safe Deposit Vault
Safe Custody Service
Depository Services
Gold - Navaratri Offer
Insurance
Mutual Fund

Bank of India was founded on 7th September, 1906 by a group of eminent businessmen from
Mumbai. The Bank was under private ownership and control till July 1969 when it was
nationalised along with 13 other banks.

Beginning with one office in Mumbai, with a paid-up capital of Rs.50 lakh 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 3101 branches in India spread over all states/ union territories including 141
specialised branches. These branches are controlled through 48 Zonal Offices . There are 29
branches/ offices (including three representative offices) abroad.

The Bank came out with its maiden public issue in 1997 and follow on Qualified Institutions
Placement in February 2008. . Total number of shareholders as on 30/09/2009 is 2,15,790.

While firmly adhering to a policy of prudence and caution, the Bank has been in the forefront of
introducing various innovative services and systems. Business has been conducted with the
successful blend of traditional values and ethics and the most modern infrastructure. The Bank
has been the first among the nationalised banks to establish a fully computerised 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.

The Bank's association with the capital market goes back to 1921 when it entered into an
agreement with the Bombay Stock Exchange (BSE) to manage the BSE Clearing House. It is an
association that has blossomed into a joint venture with BSE, called the BOI Shareholding Ltd.
to extend depository services to the stock broking community. Bank of India was the first Indian
Bank to open a branch outside the country, at London, in 1946, and also the first to open a
branch in Europe, Paris in 1974. The Bank has sizable presence abroad, with a network of 29
branches (including five representative office) at key banking and financial centres viz. London,
Newyork, Paris, Tokyo, Hong-Kong and Singapore. The international business accounts for
around 17.82% of Bank's total business

Mission & Vision

Our Mission
"to provide superior, proactive banking services to niche markets globally, while providing cost-
effective, responsive services to others in our role as a development bank, and in so doing, meet
the requirements of our stakeholders".

Our Vision
"to become the bank of choice for corporates, medium businesses and upmarket retail customers
and to provide cost effective developmental banking for small business, mass market and rural
markets"
Bank of India - SWOT Analysis
Description: The Bank of India - SWOT Analysis company profile is the essential source for top-level
company
data and information. Bank of India - SWOT Analysis examines the company’s key business
structure and operations, history and products, and provides summary analysis of its key revenue
lines and strategy.
Bank of India is engaged in the provision of banking and financial services for individuals and
businesses. The bank has 2,644 branches in India spread over all states/ union territories including
93 specialized branches. These branches are controlled through 48 Zonal Offices. The bank also
operates 24 branch offices (including three representative offices) abroad. The bank operates in the
UK, the US, Paris, Japan, Indonesia, Hong-Kong, India, France and Singapore. It is headquartered
in Mumbai, India and employs 40,155 people. The bank recorded revenues of INR85,507.7 million
(approximately $1,652.1 million) in the financial year ended March 2009 (FY2009), an increase of
34.7% over FY2008. Operating profit was INR54,568 million (approximately $1,054.3 million) in
FY2009, an increase of 67.8% over FY2008. Its net profit was INR30,073.5 million (approximately
$581 million) in FY2009, an increase of 17.9% over FY2008.
Scope of the Report
- Provides all the crucial information on Bank of India required for business and competitor
intelligence needs
- Contains a study of the major internal and external factors affecting Bank of India in the form of a
SWOT analysis as well as a breakdown and examination of leading product revenue streams of
Bank of India
-Data is supplemented with details on Bank of India history, key executives, business description,
locations and subsidiaries as well as a list of products and services and the latest available
statement from Bank of India
Reasons to Purchase
- Support sales activities by understanding your customers’ businesses better
- Qualify prospective partners and suppliers
- Keep fully up to date on your competitors’ business structure, strategy and prospects
- Obtain the most up to date company information available
Contents:
This product typically includes the following sections:
SWOT COMPANYTop of Form
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Home | Corporate Profile | Bank's

Network | Product Query | Contact Us

Subs Other A-
cribe News
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• Deposit
• Loans
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• Customer Corner
• Investor Corner
• Tender
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Bank has been
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8th in TOP 50
SERVICE BRANDS in
The Most Trusted
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and 2nd among all
Friday, 22-Oct-
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know more ..
Watch Live Webcast Analyst
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Meet on 22.10.2010 at 4 P.M.

know more ..
Mission and Mumbai - 400 051
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Shri.Vision
Alok Kumar Misra know more ..
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and 2nd among all Public
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Director: Shri Bank of India, Head Office,
exstaff

B.A. Prabhakar Star House,

know more ..
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for Revision in interest rate on
C-5, ‘G’ Domestic Rupee Term
Block, Deposits w.e.f. 07.09.2010

know more ..
Bandra-Kurla Complex
Executive Presentation to Analysts June
Shri B. A. Prabhakar
Director: Shri. M. 2010
Bandra (East),
Executive
NarendraDirector know more ..
(15.10.2008 to31.08.2013) Mumbai - 400 051 Results Financial
Financial
Results for the quarter ended
June 2010
Shri B. A. Prabhakar, is the Executive Director of
the Bank w.e.f. October 15,2008. Prior to themore ..
know
present assignment,
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of Baroda looking after Treasury Operations.
quarter ended June 2010
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He is a Chartered Accountant and a B. Com from
know more ..
the University of Mysore. He joined BankPress of Baroda
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as a direct recruit officer in 1977. He hasonworked
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Star House, C-5, ‘G’ Block,
know more ..
Code Bandra-Kurla Complex,
Presentation of Results for the
Compliance year ended March 2010
Officers Bandra (East),
know more ..
Mumbai - 400 051Notice for Debit and
Notice
Shri M. Narendra ATM cardholders
Executive Director know more ..
06.11.2008 to 05.11.2013
Forex Card
Rate
Shri M. Narendra, is the Executive Director of the
Online
Services
Bank w.e.f. November 6, 2008. He was Chief Treasury
General Manager at Corporation bank prior to the
current assignment. He joined Corporation Bank as
Subsidiary
a direct
:: recruit officer in 1975 and held several
distinguished
Mobile positions in the Bank. He is B.Com,
:: Foreign
Branches
LL.B and Certified Associate of Indian Institute of
Banking &
Bankers and worked in the areas of creditBranch
Payments policy,/
credit monitoring, risk management, treasury, ATM
::
international
Internet
banking, etc. He is also recipient
Locatorof
several corporate
Banking awards in the Bank during his
Branch
Locator
:: Pay
Bills
ATM

:: Book JT. Secretary(B&I)

Foreign
Air Ticket
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know Online
Shri
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(From 05.07.2007)
Till::further orders
Govt.Online
Nominee Director New Delhi 110 001
ASBA
IPO
Shri Tarun Bajaj, aged 46 years, is a Government
Nominee Director of the Bank w.e.f. July 5, 2007.
:: Direct
He holds
Tax a degree in B. Com besides Post
Graduate Diploma in Management (IIM,
::
Ahmedabad). He also holds a Post Graduate
Central
Degree in Regulation (London School of
Excise,
Economics
ServiceTa & Political Science) and he is a
qualified
x Financial Analyst (CFA – ICFAI,
Hyderabad). Shri Tarun Bajaj is also Director in
SIDBI::and ICFAI University, Dehradun. Shri Tarun
BajajOnline
is presently in the Indian Administrative
Trading in
Service
Sharesas the Joint Secretary (Insurance &
Banking), Department of Financial Services,
Ministry of Finance, New Delhi.
:: Star
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Internet Regional Director,
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Demo Reserve Bank of India

:: South Gandhi Maidan,

Online
Services - Patna 800 001
read more

Shri All
G.our
Mahalingam
branches
(From 03.08.2010)
are CBS &
Till further orders
RTGS/NE
FT
RBI Nominee Director
Enabled

Shri G. Mahalingam, 54 years, is a Post Graduate

in Science (Statistics), M.B.A. in International
Banking and Finance from Birmingham Business
School, U.K. He is a Regional Director of Reserve
Bank of India. He has been appointed by the
Central Govt. as a Director of the Bank w.e.f.

Bank of India

Bhubaneshwar Branch

129, Ashoknagar
 Bhubaneshwar-751009

(ORISSA)

Shri A.K.Motayed

Officer Employee Director

(15.07.2008 to 31.01.2011)

Shri Amit Kumar Motayed is the General Secretary

of the Federation of Bank of India Officers’
Association. He is a Science graduate (Physics
Honors). He has been nominated as a Non
Workmen Employee Director of the Bank w.e.f.
July 15, 2008 . He represents the interests of non
workmen staff of the Bank on the Board.

New No. 21/1,

Old No. 9/1,

Ramanujam Street,

T. Nagar,

Chennai-600017

Shri K. S. Sampath

B.Sc. FCA

Part-Time Non-Official Director

(01.01.2008 to 31.12.2010)

Shri K. S. Sampath, aged 49 years, is the part-time

non-official Director of the Bank. He holds
Bachelor’s Degree in Science from University of
Madras. He is also Fellow of Institute of Chartered
Accountants of India. He was a Director of Punjab
National Bank between November 2001 and
November 2004. He has been practicing as a
Chartered Accountant for the last 24 years and is
 specialised in Taxation, Banking and Corporate
affairs. He is presently on the Board, Audit
Committee of the Board and Committee of Risk
Management Committee of Directors and
Nomination Committee of Directors. He is an
independent Director on the Bank’s Board
nominated by Central Government . He is also a
special invitee to the Board for Supervision of

Samri Kothi,

Dist:Raibareli

Uttar Pradesh

Shri Indresh Vikram Singh

Part-Time Non-Official Director

(02.01.2008 to 01.01.2011)

Shri Indresa Vikram Singh, 58 years, is a part- time

non-official Director of the Bank w.e.f. January 2,
2008. He holds Master’s Degree in Science
(Physics) from Magadh University. He was a
Director / Chairman of District Co-operative Bank at
Rae Bareli from 1979 to 1989. He was a Member of
Legislative Assembly (MLA) from 1979 and
resigned in 1989.He is the President of Balika
Vidya Mandir and New Standard Public School,
Rae Bareli. He is a Manager of Baiswar P. G.
College, Lalganj, Rae Bareli. He is an agriculturist,
educationist and social worker.

206, Hill Side,

Raheja Vihar
Shri M.N. Gopinath
Chandivali,
Shareholder Director
Mumbai – 400072
(25.10.2008 to 24.10.2011)
Shri Gopinath Madhavan Nair from Mumbai is a
banker by profession. He is a graduate in
Commerce and MBA. He is an ex-employee of the
Bank. He retired as Senior General Manager of
ICICI Bank Limited. He is elected as a Shareholder
Director of the Bank for a period of three years for
second term from 25.10.2008.

Pratosh 46, 2nd Cross,

Panduranga Nagar,

Bannerghatta Road,

Bangalore – 560 076

Shri Prakash P. Mallya,

Shareholder Director

(25.10.2008 to 24.10.2011)

Shri Prakash P. Mallya is an economist and a

career banker. He is M.A. (Economics) and UGC
Research Fellow, worked on Ph.D. Thesis at
Gokhale Institute of Politics & Economics, Pune
from 1971-73. He is Ex-Chairman and Managing
Director of Vijaya Bank and Ex-Executive Director
of Syndicate Bank. He is Shareholder Director of
the Bank, for a period of 3 years from October 25,

Moramvilakom

House No.33/1667-C

Sauhardhanagar, Vennala

Cochin, Kerala

Shri P.M. Sirajuddin

Shareholder Director

(25.10.2008 to 24.10.2011)
 Shri P. M. Sirajuddin from Cochin, is a Post
Graduate in Arts and is Diploma Holder in
Development Administration from University of
Manchester, U.K. He has been a Director on
various Public Sector Banks. He retired as Joint
Secretary, Government of India, Ministry of
Finance. He is Shareholder Director of the Bank for
a period of three years w.e.f. October 25, 2008.

Priyadarshni

1-Panchratna Park
Dr. Shantaben Chavda
Part-time Non-Official Director Behind Panchvati Society

(19.01.2009 to 18.01.2012) Rajkot Gujarat

Dr. Shanta Chavda from Rajkot, Gujarat is a

graduate in Law, Post Graduate in Arts and Ph.D.
She is a social worker. She has been nominated as
a part-time non official Director of the Bank w.e.f.
19.01.2009 for a period of three years.

Bank of India
From Wikipedia, the free encyclopedia
Jump to: navigation, search
Bank of India
Type Public (BSE: BOI)

Industry Financial services

Founded 1906

Headquarters Mumbai, India

Key people Alok Kumar Misra (CMD)

Commercial Banking
Retail Banking
Private Banking
Products
Asset Management
Mortgages
Credit Cards

Website www.bankofindia.com

Bank of India (BoI) (BSE: BOI) is a state-owned

commercial bank with headquarters in Mumbai.
Government-owned since nationalization in 1969,
It is India's 4th largest bank, after State Bank of
India, Punjab National Bank and Central Bank of
India. It has 3216 branches, including 27 branches
outside India. BoI is a founder member of SWIFT
(Society for Worldwide Inter Bank Financial
Telecommunications), which facilitates provision
of cost-effective financial processing and
communication services. The Bank completed its
first one hundred years of operations on 7
September 2006.

Contents
[hide]
• 1 History
○ 1.1 Previous banks that used the name Bank of
India
○ 1.2 The current bank
○ 1.3 CMD since nationalisation
• 2 See also
 • 3 External links
• 4 Further reading

[edit] History
[edit] Previous banks that used the
name Bank of India
At least three banks having the name Bank of
India had preceded the setting up of the present
Bank of India.
1. A person named Ramakishen Dutt
set up the first Bank of India in
Calcutta (now Kolkata) in 1828, but
nothing more is known about this
bank.
2. The second Bank of India was
incorporated in London in the year
1836 as an Anglo-Indian bank.
3. The third bank named Bank of India
was registered in Bombay (now
Mumbai) in the year 1864.

[edit] The current bank

The earlier holders of the Bank of India name had
failed and were no longer in existence by the time
a diverse group of Hindus, Muslims, Parsees, and
Jews helped establish the present Bank of India in
1906. It was the first bank in India promoted by
Indian interests to serve all the communities of
India. At the time, banks in India were either
owned by Europeans and served mainly the
interests of the European merchant houses, or by
different communities and served the banking
needs of their own community.
The promoters incorporated the Bank of India on
7 September 1906 under Act VI of 1882, with an
authorized capital of Rs. 1 crore divided into
100,000 shares each of Rs. 100. The promoters
placed 55,000 shares privately, and issued 45,000
to the public by way of IPO on 3 October 1906;
the bank commenced operations on 1 November
1906.
The lead promoter of the Bank of India was Sir
Sassoon J. David (1849-1926). He was a member
of the Sassoons, who in turn were part of a
Bombay community of Baghdadi Jews, which
was notable for its history of social service. Sir
David was a prudent banker and remained the
Chief Executive of the bank from its founding in
1906 until his death in 1926.
The first board of directors of the bank consisted
of Sir Sassoon David, Sir Cowasjee Jehangir, J.
Cowasjee Jehangir, Sir Frederick Leigh Croft,
Ratanjee Dadabhoy Tata, Gordhandas Khattau,
Lalubhai Samaldas, Khetsety Khiasey, Ramnarain
Hurnundrai, Jenarrayen Hindoomull Dani,
Noordin Ebrahim Noordin.
• 1906: BoI founded with Head Office
in Bombay.
• 1921: BoI entered into an agreement
with the Bombay Stock Exchange to
manage its clearing house.
• 1946: BoI opened a branch in
London, the first Indian bank to do
so. This was also the first post-WWII
overseas branch of any Indian bank.
• 1950: BoI opened branches in Tokyo
and Osaka.
• 1951: BoI opened a branch in
Singapore.
• 1953: BoI opened a branch in Kenya
and another in Uganda.
• 1953 or 54: BoI opened a branch in
Aden.
• 1955: BoI opened a branch in
Tanganyika.
• 1960: BoI opened a branch in Hong
Kong.
• 1962: BoI opened a branch in
Nigeria.
• 1967: The Government of Tanzania
nationalized BoI's operations in
Tanzania and folded them into the
government-owned National
Commercial Bank, together with
those of Bank of Baroda and several
other foreign banks.
• 1969: The Government of India
nationalized the 14 top banks,
 including Bank of India. In the same
year, the People's Democratic
Republic of Yemen nationalized BoI's
branch in Aden, and the Nigerian
and Ugandan governments forced
BoI to incorporate its branches in
those countries.
• 1970: National Bank of Southern
Yemen incorporated BoI's branch in
Yemen, together with those of all the
other banks in the country; this is
now National Bank of Yemen. BoI
was the only Indian bank in the
country.
• 1972: BoI sold its Uganda operation
to Bank of Baroda.
• 1973: BoI opened a rep in Jakarta.
• 1974: BoI opened a branch in Paris.
This was the first branch of an Indian
bank in Europe.
• 1976: The Nigerian government
acquired 60% of the shares in Bank
of India (Nigeria).
• 1978: BoI opened a branch in New
York.
• 1970s: BoI opened an agency in San
Francisco.
• 1980: Bank of India (Nigeria) Ltd,
changed its name to Allied Bank of
Nigeria.
• 1986: BoI acquired Paravur Central
Bank (Karur Central Bank or Parur
Central Bank) in Kerala in a rescue.
• 1987: BoI took over the three UK
branches of Central Bank of India
(CBI). CBI had been caught up in the
Sethia fraud and default and the
Reserve Bank of India required it to
transfer its branches.
• 2003: BoI opened a representative
office in Shenzhen.
• 2005: BoI opened a representative
office in Vietnam.
• 2006: BoI plans to upgrade the
Shenzen and Vietnam representative
 offices to branches, and to open
representative offices in Beijing,
Doha, and Johannesburg. In addition,
BoI plans to establish a branch in
Antwerp and a subsidiary in Dar-es-
Salaam, marking its return to
Tanzania after 37 years.
• 2007: BoI acquired 76 percent of
Indonesia-based PT Bank Swadesi.
• 2009: BoI opened its branch again in
Tanzania mainland (Former
Tanganyika territory).

[edit] CMD since nationalisation

• 1969-1970: Tribhovandas
Damodardas Kansara
• 1970-1975: J N Saxena
• 1975-1977: C P Sah
• 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 Bhire
• 1998-2000: S Rajagopal
• 2000-2003: K V Krishanamurthy
• 2003-2005: M Venugopal
• 2005-2007: M. Balachandran
• 2007-2009:T.S.Narayanasami
• 2009- : Alok Kumar Mishra

[edit] See also

• Indian banking
• List of banks in India

[edit] External links

• Official website
• Find IFSC Code of all BANK OF INDIA
branches in India, or Branch Details
 by IFSC Code

[edit] Further reading

• The Bank of India Story (First
Published 2006) by Raghu Palat.

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