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 Relationship beyond Banking | |
 Bank of India HQ in BKC | |
| Company type | Public |
|---|---|
| BSE: 532149 NSE: BANKINDIA | |
| ISIN | INE084A01016 |
| Industry | |
| Founded | 7 September 1906; 119 years ago (1906-09-07) |
| Headquarters | Mumbai,Maharashtra, India |
Number of locations |
|
Key people |
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| Products | |
| Revenue |  ₹66,804 crore (US$7.9 billion) (2023)[2] |
| ₹4,828 crore (US$570 million) (2023) | |
| ₹3,839 crore (US$450 million) (2023)[3] | |
| Total assets | ₹1,042,581.95 crore (US$120 billion) (2025)[3] |
| Owner | Government of India (73.38%)[4] |
Number of employees | 50,564[5] (2025) |
| Subsidiaries | BOI Merchant Bankers Ltd BOI Shareholding Ltd Bank of India Investment Managers Pvt Ltd Bank of India Trustee Service Pvt Ltd RRBs:Madhya Pradesh Gramin Bank |
| Capital ratio | 16.06% (Dec 2023)[3] |
| Website | bankofindia |
Bank of India (BoI) is anIndian public sector bank headquartered inBandra Kurla Complex,Mumbai. Founded in 1906, it has been government-owned since nationalisation in 1969. BoI is a founding member ofSWIFT (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₹1,446,295 crore (US$170 billion),[6] has 5,202 branches and 8166 ATMs & CRM around the world (including 22 overseas branches).[3][7]
Bank of India was cofounded on 7 September 1906 byRamnarain 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, andShapurji Broacha[8] fromMumbai, India. The Bank was under private ownership and control till 19 July 1969 when it was nationalised along with 13 other banks.[9]
Beginning with one office in Mumbai, with a paid-up capital of₹5 million (US$59,000) 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 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.[9]
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