Bank of India was founded on 7th September, 1906 by a group of eminent businessmen from Mumbai. The Bank was under private ownership and control till July 1969 when it was nationalized along with 13 other banks.
Beginning with one office in Mumbai, with a paid-up capital of 50 Lakh 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 4963 branches in India spread over all states/ union territories including 306 specialised branches (BOTF). These branches are controlled through 54 zonal offices and 8 National Banking Groups. There are 61 branches/ offices (including representative offices, Subsidiaries and Joint Venture) abroad. The Bank came out with its maiden public issue in 1997 and follow on Qualified Institutions Placement in February 2008. Total number of shareholders as on 30/09/2015 is 279,169.
The Bank's association with the capital market goes back to 1921 when it entered into an agreement with the Bombay Stock Exchange (BSE) to manage the BSE Clearing House. It is an association that has blossomed into a joint venture with BSE, called the BOI Shareholding Ltd. to extend depository services to the stock broking community. Bank of India was the first Indian Bank to open a branch outside the country, in London, in 1946, and also the first to open a branch in Europe, Paris in 1974. The Bank has sizable presence abroad at key banking and financial centres viz. London, New York, Paris, Tokyo, Hong Kong and Singapore. The international business accounts for around 27% of Bank's total business.
BANK OF INDIA – HO CHI MINH CITY BRANCH
Bank of India has been issued operating License on 31st July 2015 to open the first and the only Indian Bank to open its Branch in Ho Chi Minh City, Vietnam.
- Commenced operations in Ho Chi Minh City on 22 July, 2017.
- Ideally located in the heart of the city in District-1
- Only Indian Bank in Ho Chi Minh City to cater to Corporate &retail Banking
- Fully computerized and SWIFT connected
- Specialization in India related business particularly remittances to India with over 5,000 branches in key locations in India and at attractive exchange rates
To become The Bank of Choice for Corporates, Medium Business and Upmarket Retail Customers and Developmental Banking for Small Business, Mass Market and Rural Markets.
OUR VISION
To become The Bank of Choice for Corporates, Medium Business and Upmarket Retail Customers and Developmental Banking for Small Business, Mass Market and Rural Markets.
OUR MISSION
To provide superior, proactive banking service to niche markets globally, while providing cost effective, responsive service to others in our role as a development bank, and in doing so, meet the requirements of our stakeholders.
The Bank of India emblem epitomizes the corporate personality and basic policy of the Bank. In conception and design, it is a harmonious blend of the traditional and the functional.
Within the central circle lies the Bank's seal - a symbolic and stylized representation of Mother India, signifying Bank of India's continuing consciousness of the legacy of the national past.
The five prongs of the star represent the Bank's pragmatic aspect-banking service extending over five continents. The single elongated point, yearning upwards, conveys Bank of India's unceasing endeavor to achieve ever-ascending goals.
The star has yet another aspect: it is a beacon and guide to those in need of direction. It symbolizes the Bank's perpetual readiness to assist any one, common man and business man alike, in steering a course through the contemporary maze of monetary affairs.
Last of all, the star has astrological significance: it is a determinant of times to come.
Bank of India sees this as a commitment to ensuring that the corporate emblem shines as a harbinger of bright future for all.
We Believe in Nation Building
- Supporting the growth aspirations of every Indian and in so doing, place 'Nation Building1 as the topmost purpose.
We Believe in Ethics and Integrity
- Ensure ethical behaviour in conduct and working. Establish a strong control and supervision system, ensuring that there are no acts of indiscretion
We Believe in Value for our customers
- Offering proactive superior class service through latest product & services and in so doing, develop lasting values and relationships.
We Believe in Profitable Growth
- Ensure a sustainable growth in Business with consistent growth in profits and in so doing, be able to give a fair return of profits to our shareholders.
We Believe in contributing to Society
- Undertake Corporate Social Responsibility (CSR) initiatives and in so doing, act as a good corporate citizen.
We Believe in One "Bank of India"
- Create a business environment where BOI Staff and their families treat themselves as a member of one big corporate family and the customers experience a unique 'pan Bank of India' experience.
- Bank of India was conferred the Best Bank Award under category "Use of Technology for Financial Inclusion Among Large Banks for the year 2014-15" at the hands of Mr. Raghuram Rajan, Honorable Governor, Reserve Bank of India.
- Dun & Bradstreet - Polaris Financial Technology Banking Awards 2014
- Bank received Skoch Group Financial Inclusion Deepening Award- June 2014
- Bank received the Award CIO 100 2014 for the product Startoken NG
- "Best Business Facilitating Bank" award for the year 2012-13 by Gem & Jewellery Export Promotion Council (GJEPC) sponsored by The Ministry of Commerce & Industry, Govt, of India
- "NFS operational excellence awards 2013-Runner Up" in Public sector category
- Indira Gandhi Rajbhasha Shield (2nd Prize Region 'B') for implementation of Rajbhasha in the Bank for the year 2013-14.
- Bank's In-House Journal 'Taarangan' conferred with 'Best In-House Magazine' by CMO Asia for Excellence in Branding & Marketing at Singapore on 31st July 2014 & 3rd prize by Reserve Bank of India on 1 3th November 2014.
- 'IBA Banking Technology Award 2012-13' under category "Best Financial Inclusion Initiative among Public Sector Banks"
- Bank was awarded by IDRBT- IBA for Best Financial Inclusion Technology Initiative.
- Financial Inclusion & Payment System Award by Elets Media at New Delhi at the hands of Minister of Rural Development.
- Bank has been ranked Second by Ministry of MSME, New Delhi based on its performance in lending to Micro Enterprises. Bank has received "Best Banker" award at the India SME excellence Awards-201 3, for exemplary contribution in Banking Sector.
- Bank received IBA Instituted award at BANCON 2013 for Most Innovative Mass Retail Lender for underserved segments.
- Bank won IT excellence award by ETNOW and VMW are for effectively implementing Virtualization in the Bank.
- Financial Inclusion & Payment System Award by Elets Media at New Delhi at the hands of Minister of Rural Development.
- Bank has received Skoch award 2013 for IT innovation.
OUR EXCHANGE RATE
