You do not have permission to edit this page, for the following reasons:

This IP address has been blocked from editing Wikipedia.
This does not affect your ability to read Wikipedia pages.
Most people who see this message have done nothing wrong. Some kinds of blocks restrict editing from specific service providers or telecom companies in response to recent abuse or vandalism, and can sometimes affect other users who are unrelated to that abuse. Review the information below for assistance if you do not believe that you have done anything wrong.

The IP address or range 35.170.0.0/16 has been blocked (disabled) by ‪JJMC89‬ for the following reason(s):

The IP address that you are currently using has been blocked because it is believed to be a web host provider or colocation provider. To prevent abuse, web hosts and colocation providers may be blocked from editing Wikipedia.
You will not be able to edit Wikipedia using a web host or colocation provider because it hides your IP address, much like a proxy or VPN.
We recommend that you attempt to use another connection to edit. For example, if you use a proxy or VPN to connect to the internet, turn it off when editing Wikipedia. If you edit using a mobile connection, try using a Wi-Fi connection, and vice versa. If you are using a corporate internet connection, switch to a different Wi-Fi network. If you have a Wikipedia account, please log in.
If you do not have any other way to edit Wikipedia, you will need to request an IP block exemption.

How to appeal if you are confident that your connection does not use a colocation provider's IP address:
If you are confident that you are not using a web host, you may appeal this block by adding the following text on your talk page: ((unblock|reason=Caught by a colocation web host block but this host or IP is not a web host. My IP address is _______. Place any further information here. ~~~~)). You must fill in the blank with your IP address for this block to be investigated. Your IP address can be determined here. Alternatively, if you wish to keep your IP address private you can use the unblock ticket request system. There are several reasons you might be editing using the IP address of a web host or colocation provider (such as if you are using VPN software or a business network); please use this method of appeal only if you think your IP address is in fact not a web host or colocation provider.

Administrators: The IP block exemption user right should only be applied to allow users to edit using web host in exceptional circumstances, and requests should usually be directed to the functionaries team via email. If you intend to give the IPBE user right, a CheckUser needs to take a look at the account. This can be requested most easily at SPI Quick Checkuser Requests. Unblocking an IP or IP range with this template is highly discouraged without at least contacting the blocking administrator.

This block will expire on 05:20, 2 July 2025.

Even when blocked, you will usually still be able to edit your user talk page, as well as email administrators and other editors.

For information on how to proceed, please read the FAQ for blocked users and the guideline on block appeals. The guide to appealing blocks may also be helpful.

Other useful links: Blocking policy · Help:I have been blocked
Your IP address is in a range that has been blocked on all Wikimedia Foundation wikis. The block was made by ‪Jon Kolbert‬. The reason given is Open proxy/Webhost: See the help page if you are affected .
- Start of block: 05:38, 21 February 2024
- Expiry of block: 05:38, 21 February 2029
Your current IP address is 35.170.198.190. The blocked range is 35.170.0.0/16. Please include all above details in any queries you make. If you believe you were blocked by mistake, you can find additional information and instructions in the No open proxies global policy. Otherwise, to discuss the block please post a request for review on Meta-Wiki. You could also send an email to the stewards VRT queue at stewards@wikimedia.org including all above details.

You can view and copy the source of this page:

((short description|Indian public sector bank))
((distinguish|The Bank of India (1828)))
((more citations needed|date=June 2012))
((Use Indian English|date=August 2020))
((Use dmy dates|date=September 2020))
((Infobox company
| name = Bank of India
| logo = Bank_of_India_logo.svg
| logo_size = 250px
| logo_alt = Bank of India Logo
| logo_caption = ''Relationship beyond Banking''
| image = BKC_-_panoramio.jpg
| image_caption = Bank of India HQ in BKC
| type = [[Public company|Public]]
| traded_as = ((BSE|532149))<br />((NSE|BANKINDIA))
| ISIN = ((ISIN|sl=n|pl=y|INE084A01016))
| num_locations = ((ubl|5,129 Branches|5,551 ATMs))
| num_locations_year = March 2023
| key_people = ((ubl|Rajneesh Karnatak<br /> (MD & CEO)<ref>((cite news|url=https://m.timesofindia.com/business/india-business/rajneesh-karnatak-appointed-md-ceo-of-bank-of-india/amp_articleshow/99873794.cms |title=Rajneesh Karnatak appointed MD & CEO of Bank of India |newspaper=The Times of India |date=29 April 2023 ))</ref>))
| industry = ((ubl | [[Banking]] | [[Financial services]] )) 
| products = ((ubl|[[Retail banking]]|[[Corporate banking]]|[[Investment banking]]|[[Mortgage loan]]s| [[Private banking]]|[[Wealth management]]|[[Asset management]]|[[Investment management]]|[[Risk management]]|[[Mutual fund]]s|[[Exchange-traded fund]]s|[[Index fund]]s|[[Credit cards]]|[[Insurance]] ))   
<!-- | global_business    = ((Increase)) ((INRConvert|1037549|c)) (2021) -->| revenue = ((Increase)) ((INRConvert|55143|c)) (2023)<ref name="Annual Report 2020-21">((cite web|url=https://www.bankofindia.co.in/pdf/BOIAnnualREPORT-20-21_01072021.pdf|title=Annual Report of Bank of India|access-date=20 July 2021|archive-date=20 July 2021|archive-url=https://web.archive.org/web/20210720055834/https://www.bankofindia.co.in/pdf/BOIAnnualREPORT-20-21_01072021.pdf|url-status=dead))</ref>
| operating_income = ((Increase)) ((INRConvert|4828|c)) (2023)
| net_income = ((Increase)) ((INRConvert|3839|c)) (2023)<ref name="Annual Report 2020-21" />
| assets = ((Increase))((INRConvert|826035|c)) (2023)<ref name="Annual Report 2020-21" />
| owner = [[Government of India]]<ref name="Share Holding pattern 2021">((cite web|url=https://www.bankofindia.co.in/pdf/ShareholdingPatternSep2021.pdf|title=Share Holding Pattern 2021|access-date=17 October 2021|archive-date=17 October 2021|archive-url=https://web.archive.org/web/20211017163503/https://www.bankofindia.co.in/pdf/ShareholdingPatternSep2021.pdf|url-status=dead))</ref>
| parent = 
| num_employees = 52,209 (March 2023)
| ratio = 16.28% (March 2023)<ref name="Annual Report 2020-21" />
| homepage = ((URL|https://www.bankofindia.co.in/))
| foundation = ((Start date and age|df=y|1906|09|07))
| location = [[Mumbai]], [[Maharashtra]], India
| subsid = [[Star Union Dai-ichi Life Insurance]] 
))
 
'''Bank of India''' ('''BOI''') is an [[Public sector banks in India|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 on 31 March 2021, Bank of India's total business stands at ((INRConvert|1037549|c)),<ref name="Annual Report 2020-21" /> has 5,108 branches and 5,551 ATMs around the world (including 24 overseas branches).<ref name="Annual Report 2020-21" />

==History==
Bank of India was founded on 7 September 1906 by a group of eminent businessmen from [[Mumbai]], [[Maharashtra]], India. The Bank was under private ownership and control till 19 July 1969 when it was nationalised along with 13 other banks.<ref name=":0">((Cite news|url=https://www.indiainfoline.com/article/news-top-story/vr-iyer-chairperson-managing-director-bank-of-india-115021300132_1.html|title=VR Iyer, Chairperson & Managing Director, Bank of India|last=indiainfoline.com|access-date=27 January 2018|language=en))</ref>

Beginning with one office in Mumbai, with a paid-up capital of ((INRConvert|5|m)) 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 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.<ref name=":0" />

===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, [[Parsi|Parsees]], and Jews helped establish the present Bank of India in 1906 in Bombay. 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 authorised capital of ((INRConvert|10|m)) divided into 100,000 shares each of ((INRConvert|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 [[Sassoon family]], who in turn were part of a Bombay community of [[Baghdadi Jews]] that was notable for its history of social service. Sir David was a prudent banker and remained the bank's chief executive from its founding in 1906 until his death in 1926.

The first board of directors of the bank consisted of [[Sassoon David|Sir Sassoon David]], [[Cowasji Jehangir Readymoney|Sir Cowasjee Jehangir]], [[Jehangir Cowasji Jehangir Readymoney|J. Cowasjee Jehangir]], Sir Frederick Leigh Croft, [[Ratanjee Dadabhoy Tata]], Gordhandas Khattau, Lalubhai Samaldas, Khetsety Khiasey, [[Ramnarain Hurnundrai]], Jenarrayen Hindoomull Dani, and Noordin Ebrahim Noordin.

In 1921, BoI entered into an agreement with the [[Bombay Stock Exchange]] to manage its clearing house.

BoI's international expansion began in 1946 when the bank BoI opened a branch in London, the first Indian bank to do so. This was also the first post-World War II overseas branch of any Indian bank.

The 1950s saw BoI open numerous branches abroad: Tokyo and [[Osaka]] in 1950, Singapore in 1951, [[Bank of India (Kenya)|Kenya]] and Uganda in 1953, Aden in 1953 or 1954, and [[Tanganyika (territory)|Tanganyika]] in 1955.

After a brief hiatus, BoI returned to international expansion, opening a branch in Hong Kong in 1960. A branch in Nigeria followed in 1962.

Then came nationalizations abroad, and at home. The Government of Tanzania nationalised BoI's operations in Tanzania in 1967 and folded them into the government-owned [[National Commercial Bank (Tanzania)|National Commercial Bank]], together with those of [[Bank of Baroda]] and several other foreign banks. Two years later, in 1969, the Government of India nationalised the 14 top banks, including Bank of India. In the same year, the People's Democratic Republic of Yemen nationalised BoI's branch in Aden, and the Nigerian and Ugandan governments forced BoI to incorporate its branches in those countries. The next year, 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.

In 1972 BoI sold its Uganda operation to Bank of Baroda. The next year BoI opened a representative office in [[Jakarta]].

In 1974 BoI opened a branch in Paris. This was the first branch of an Indian bank in Europe.
 
In 1976 the Nigerian government acquired 60% of the shares in Bank of India (Nigeria).

In 1978 BoI opened a branch in New York. Also in the 1970s, BoI opened an agency in San Francisco.

In 1980 Bank of India (Nigeria), changed its name to Allied Bank of Nigeria to reflect the fact that it was no longer a subsidiary of Bank of India.

In 1986 BoI acquired [[North Paravur|Parur]] Central Bank in ([[Ernakulam District]], Kerala State) in a rescue. Parur Central Bank had been founded in 1930, and at the time of its failure had 51 branches. BoI amalgamated Parur Central Bank in 1990.

The next year, 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.

In 1994, BoI acquired Bank of Karad in a rescue under the directions of the [[Reserve Bank of India]].Bank of Karad was involved in the [[1992 Indian stock market scam]] and as a result was liquidated and merged with BoI.

* 2003: BoI opened a representative office in [[Shenzhen]]. 
* 2005: BoI opened a representative office in Vietnam. 
* 2006: BoI plans to upgrade the Shenzhen 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.

In 2007 BoI acquired 76% of Indonesia-based PT Bank Swadesi.

BoI established a wholly owned subsidiary, Bank of India (New Zealand) Ltd., in Auckland, New Zealand on 6 October 2011. Then BoI established a wholly owned subsidiary, Bank of India (Uganda) Ltd., on 18 June 2012. Most recently, BoI opened its wholly owned subsidiary Bank of India (Botswana) Ltd., on 9 August 2013.

===CMDs since nationalisation===

*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 <ref>((Cite web|url=https://www.bloomberg.com/markets/stocks|title=Stocks|website=Bloomberg.com|date=25 May 2023 ))</ref>
*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] <ref>((Cite news|url=http://www.hindustantimes.com/business-news/govt-appoints-heads-of-7-public-sector-banks-managing-directors-of-pnb-boi-shifted/story-ggaycL44yx53ExUYDMmkqI.html|title=Govt appoints heads of 7 public sector banks; managing directors of PNB, BoI shifted|date=5 May 2017|work=Hindustan Times))</ref>
*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 ==
((reflist))

== External links ==
* ((Official website|http://www.bankofindia.co.in/))
* Business data for Bank of India: [https://web.archive.org/web/20171004191419/https://in.reuters.com/finance/stocks/overview/BOI.NS Reuters] [https://finance.google.com/finance?q=NSE:BANKINDIA Google Finance] [https://www.bloombergquint.com/stock/793993/bank-of-india BloombergQuint]

((Indian PSU))
((Banking in India))
((Nifty 200 companies))
((Portal bar|Banks))
((Authority control))

[[Category:Public Sector Banks in India]]
[[Category:Banks established in 1906]]
[[Category:Banks based in Mumbai]]
[[Category:Indian companies established in 1906]]
[[Category:Companies nationalised by the Government of India]]
[[Category:Companies listed on the National Stock Exchange of India]]
[[Category:Companies listed on the Bombay Stock Exchange]]

Pages transcluded onto the current version of this page (help):

Bank of India (edit)
Template:Ambox (view source) (template editor protected)
Template:Authority control (view source) (template editor protected)
Template:BSE (view source) (semi-protected)
Template:Banking in India (edit)
Template:Bombay Stock Exchange (view source) (semi-protected)
Template:Cite news (view source) (protected)
Template:Cite web (view source) (protected)
Template:Comma separated entries (view source) (template editor protected)
Template:Country data IND (view source) (template editor protected)
Template:Country data India (view source) (template editor protected)
Template:DMCA (view source) (template editor protected)
Template:Dated maintenance category (view source) (template editor protected)
Template:Dated maintenance category (articles) (view source) (template editor protected)
Template:Distinguish (view source) (template editor protected)
Template:FULLROOTPAGENAME (view source) (template editor protected)
Template:Find sources mainspace (view source) (template editor protected)
Template:Flagicon (view source) (template editor protected)
Template:Flagicon/core (view source) (template editor protected)
Template:Hlist/styles.css (view source) (protected)
Template:INRConvert (view source) (template editor protected)
Template:INRConvert/CurrentRate (view source) (extended confirmed protected)
Template:INRConvert/USD (view source) (template editor protected)
Template:INRConvert/out (view source) (template editor protected)
Template:ISIN (view source) (semi-protected)
Template:Increase (view source) (template editor protected)
Template:Indian PSU (edit)
Template:Indian Rupee (view source) (template editor protected)
Template:Inflation/IN/startyear (view source) (template editor protected)
Template:Inflation/year (view source) (template editor protected)
Template:Infobox (view source) (template editor protected)
Template:Infobox company (view source) (template editor protected)
Template:Longitem (view source) (template editor protected)
Template:MONTHNAME (view source) (template editor protected)
Template:MONTHNUMBER (view source) (template editor protected)
Template:Main other (view source) (protected)
Template:More citations needed (view source) (template editor protected)
Template:NSE (view source) (semi-protected)
Template:National Stock Exchange of India (view source) (semi-protected)
Template:Navbox (view source) (template editor protected)
Template:Nifty 200 companies (edit)
Template:Nowrap (view source) (protected)
Template:Ns has subpages (view source) (protected)
Template:Official website (view source) (template editor protected)
Template:Order of magnitude (view source) (template editor protected)
Template:Pagetype (view source) (protected)
Template:Plainlist/styles.css (view source) (protected)
Template:Portal bar (view source) (template editor protected)
Template:Public Sector Undertakings in India (edit)
Template:Reflist (view source) (protected)
Template:Reflist/styles.css (view source) (protected)
Template:Reserve Bank of India (edit)
Template:Rnd (view source) (template editor protected)
Template:Round (view source) (template editor protected)
Template:SDcat (view source) (protected)
Template:Short description (view source) (protected)
Template:Short description/lowercasecheck (view source) (protected)
Template:Start date and age (view source) (template editor protected)
Template:Template other (view source) (protected)
Template:Time ago (view source) (template editor protected)
Template:Trim (view source) (protected)
Template:URL (view source) (template editor protected)
Template:Ubl (view source) (template editor protected)
Template:Unbulleted list (view source) (template editor protected)
Template:Use Indian English (view source) (template editor protected)
Template:Use dmy dates (view source) (template editor protected)
Template:Yesno (view source) (protected)
Template:Yesno-no (view source) (template editor protected)
Module:Arguments (view source) (protected)
Module:Authority control (view source) (template editor protected)
Module:Authority control/config (view source) (template editor protected)
Module:Category handler (view source) (protected)
Module:Category handler/blacklist (view source) (protected)
Module:Category handler/config (view source) (protected)
Module:Category handler/data (view source) (protected)
Module:Category handler/shared (view source) (protected)
Module:Check for clobbered parameters (view source) (template editor protected)
Module:Check for unknown parameters (view source) (protected)
Module:Citation/CS1 (view source) (protected)
Module:Citation/CS1/COinS (view source) (protected)
Module:Citation/CS1/Configuration (view source) (protected)
Module:Citation/CS1/Date validation (view source) (protected)
Module:Citation/CS1/Identifiers (view source) (protected)
Module:Citation/CS1/Utilities (view source) (protected)
Module:Citation/CS1/Whitelist (view source) (protected)
Module:Citation/CS1/styles.css (view source) (protected)
Module:Date (view source) (template editor protected)
Module:Disambiguation/templates (view source) (protected)
Module:Distinguish (view source) (template editor protected)
Module:EditAtWikidata (view source) (protected)
Module:Find sources (view source) (template editor protected)
Module:Find sources/config (view source) (template editor protected)
Module:Find sources/links (view source) (template editor protected)
Module:Find sources/templates/Find sources mainspace (view source) (template editor protected)
Module:Format link (view source) (template editor protected)
Module:Hatnote (view source) (template editor protected)
Module:Hatnote/styles.css (view source) (template editor protected)
Module:Hatnote list (view source) (template editor protected)
Module:Infobox (view source) (template editor protected)
Module:Infobox/styles.css (view source) (template editor protected)
Module:InfoboxImage (view source) (template editor protected)
Module:List (view source) (protected)
Module:Math (view source) (protected)
Module:Message box (view source) (protected)
Module:Message box/ambox.css (view source) (protected)
Module:Message box/configuration (view source) (protected)
Module:Namespace detect/config (view source) (protected)
Module:Namespace detect/data (view source) (protected)
Module:Navbar (view source) (protected)
Module:Navbar/configuration (view source) (protected)
Module:Navbar/styles.css (view source) (protected)
Module:Navbox (view source) (template editor protected)
Module:Navbox/configuration (view source) (template editor protected)
Module:Navbox/styles.css (view source) (template editor protected)
Module:Ns has subpages (view source) (protected)
Module:Official website (view source) (template editor protected)
Module:Pagetype (view source) (protected)
Module:Pagetype/config (view source) (protected)
Module:Pagetype/disambiguation (view source) (protected)
Module:Pagetype/setindex (view source) (protected)
Module:Pagetype/softredirect (view source) (protected)
Module:Portal (view source) (template editor protected)
Module:Portal/images/b (view source) (template editor protected)
Module:Portal bar (view source) (template editor protected)
Module:Portal bar/styles.css (view source) (template editor protected)
Module:SDcat (view source) (protected)
Module:Separated entries (view source) (protected)
Module:String (view source) (protected)
Module:TableTools (view source) (protected)
Module:Time ago (view source) (template editor protected)
Module:URL (view source) (template editor protected)
Module:Unsubst (view source) (protected)
Module:WikidataIB (view source) (template editor protected)
Module:WikidataIB/nolinks (view source) (template editor protected)
Module:WikidataIB/titleformats (view source) (template editor protected)
Module:Wikitext Parsing (view source) (protected)
Module:Yesno (view source) (protected)

Return to Bank of India.

Retrieved from "https://en.wikipedia.org/wiki/Bank_of_India"