By Lal Singh Bank of India (BoI) is one of the oldest & trusted public sector banks in India. The bank began its journey through 1906 and thereafter came under government possession following nationalisation in 1969.
Over the decades, Bank of India has developed a strong presence both nationally and internationally with a network of thousands of branches and ATMs. It serviced millions of customers in retail, corporate and digital banking segments.
The bank also has the distinction of being a founding member of SWIFT, a global financial communication network that facilitates secure international transactions.
Bank of India – Quick Overview
| Particular | Details |
| Bank Name | Bank of India (BoI) |
| Type | Public Sector Bank |
| Founded | 7 September 1906 |
| Headquarters | Bandra Kurla Complex, Mumbai, Maharashtra, India |
| Owner | Government of India (73%+ stake) |
| MD & CEO | Rajneesh Karnatak |
| Industry | Banking & Financial Services |
| Branch Network | 5,200+ branches worldwide |
| ATMs & CRMs | 8,000+ |
| Employees | 50,000+ |
| Products | Retail, Corporate, Investment Banking, Loans, Credit Cards, Insurance |
| Official Website | bankofindia.bank.in |
Net Worth and Market Cap
Bank of India enjoys a huge financial base backed up by its solid asset constituents and government support. The total assets of the bank are more than ₹10 lakh crore, which speaks volumes of their operations on a large scale and financial stability.
Its market capitalization typically falls between ₹60,000- ₹75,000 crore, depending on the stock market performance. The stable growth rate of revenue generation in the bank and increasing profitability keep enhancing the investor confidence and long-term valuation.
Corporate Leadership
Managing Director and Chief Executive Officer of Bank of India, Rajneesh Karnatak is presently heading the esteemed bank. He specialises in the areas of digital transformation, quality enhancement of assets, and augmentation of customer-centric services. The Government of India remains the majority owner and has a strategic role in governance and policy direction.
Over the years, the bank has been guided to modernization and global competitiveness by experienced executives and chairpersons.
Overview of Services
Bank of India provides proliferation financial services for individuals, business and institutions. Its retail banking business comprises savings and current accounts, fixed deposits, home loans, personal loans, vehicle loans, debit and credit cards and digital banking apps.
The corporate and business banking division provides working capital finance services, trade services, project loans, treasury solutions and cash management services.
The bank also offers investment banking, wealth management, insurance, asset management, and international banking services with its overseas branches and subsidiaries. Strong digital platforms, mobile banking solutions, and secure online services make it easy for customers to manage their transactions and make Bank of India a comprehensive and reliable banking partner.