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 of 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.
The bank has over 5,084 branches in India spread over all states and Union territories including specialised 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.
Presence As of 2026 Bank has overseas presence in 15 foreign countries spread over 5 continents with 47 branches/offices including 4 Subsidiaries, 1 Representative office and 1 joint Venture, at key Tokyo,Hong Kong, Singapore, London, Paris, New York, DIFC Dubai and International Banking Unit (IBU) at GIFT City Gandhinagar.
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
See also Banking in India List of banks in India Reserve Bank of India Indian Financial System Code List of largest banks List of companies of India
References
External links
Business data for Bank of India: Reuters Google Finance BloombergQuint