Full form of BOI is Bank of India.
Bank of India (BOI) was founded on 7th September, 1906 by a gaggle of eminent businessmen from Mumbai. The Bank was under private ownership and control till July 1969 when it had been nationalised along side 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 climb over the years and blossomed into a mighty institution with a robust national presence and sizable international operations. In business volume, the Bank occupies a premier position among the nationalised banks.
The Bank has over 5000 branches in India which cover all states/ union territories including specialized branches. These branches are controlled through 55 Zonal Offices and eight NBG Offices. There are 60 branches/ offices and 5 Subsidaries and 1 venture abroad.
Bank of India (BOI) came out with its maiden public issue in 1997 and follow on Qualified Institutions Placement in February 2008.
While firmly adhering to a policy of prudence and caution, the Bank has been within the forefront of introducing various innovative services and systems. Business has been conducted with the successful blend of traditional values and ethics and therefore the latest infrastructure.
The Bank has been the primary among the nationalised banks to determine a totally computerised branch and ATM facility at the Mahalaxmi Branch at Mumbai way back in 1989. The Bank is additionally a Founder Member of SWIFT in India. It pioneered the introduction of the sanitary code System in 1982, for evaluating/ rating its credit portfolio.
Presently Bank has overseas presence in 18 foreign countries cover 5 continents – with 52 offices including 4 Subsidiaries, 1 Representative Office and 1 venture , at key banking and financial centres viz., Tokyo, Singapore, Hong Kong, London, Paris and New York.
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