Public Sector Banks of India: Bank of India (BOI): MD/CEO, Head Office & Taglines| Download PDF

By Akshay Khandelwal|Updated : July 16th, 2020

Bank of India Full Details: IPBS releases a lot of public sector bank vacancies every year. Many aspirants prepare for these Banking and Insurance Exam. We are writing this series to put light on the history and interesting facts of these PSBs such as SBI, Bank of Baroda, PNB, UBI, BOI etc.

In this article, we are going to discuss the Bank of India. What is the origin of BOI? Where is the Bank of India head office located? What is the interest rate on deposits in Bank of India? Keep reading this article to find out the answer to all these questions about Bank of India.

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History of Bank of India:

  • Bank of India (BOI) was founded on 7 Sept 1906 in Mumbai. 
  • The Bank of India was under private ownership until it's nationalization in 1969.
  • BOI started with a paid-up capital of 50 Lakh Rupees and its initial staff strength was just 50.
  • Bank of India Issue its IPO in 1997 and follow on Qualified Institutions Placement in February 2008.
  • From its humble beginning now Bank of India has over 5000 branches in India including specialized branches. 

Board Of Directors:

Bank of India has one MD and CEO who is the head of the Board of Directors and one Non-Executive Chairman. 

Board of Directors

MD and CEO 

Shri Atanu Kumar Das

Non-executive Chairman

Shri G. Padmanabhan

Executive Director

Shri Chaitanya Gayatri Chintapalli 

Executive Director

Shri P R Rajagopal

Bank of India Headquarters:

Headquarters (HQ)

Corporate Centre

Mumbai

NBG Offices 

8

Zonal Offices 

55

Branches 

5000+

Foreign Offices 

60

JV/Subsidiaries of BOI:

BOI Merchant Bankers Ltd.

Subsidiary

BOI Shareholding Ltd.

Subsidiary

PT Bank of India Indonesia Tbk

Subsidiary

BOI Axa Invesment Managers Pvt. Ltd.

Subsidiary

BOI Axa Trustee Services Pvt. Ltd.

Subsidiary

BOI Tanzania Ltd.

Subsidiary

BOI Uganda Ltd.

Subsidiary

Bank of India (New Zealand)

Subsidiary

Logo & Tagline of Bank of India:

Logo:

The logo of Bank of India comprises of Indian Goddess of wealth Laxmi sitting inside a star. It represents that the money of customers with Bank of India will grow with the blessing of Goddes Laxmi.  

Tagline:
  • Bank of India Tag line is - Relationship beyond Banking. 

Current Interest Rates:

  • The Bank of India has revised Base Rate from 9.45% pa. to 9.40% pa. effective from 10.03.2019.

Saving Bank Account

  • Upto 1.00 lakh - 3.00%
  • Above 1.00 Lakh - 3.00%

Interesting Facts About Bank of India:

  • Mahalaxmi Branch at Mumbai, The Bank is one of the first among the nationalised banks to establish a fully computerised branch and ATM facility at Mahalaxmi Branch at Mumbai in 1989.
  • Bank of India is one of the founder members of SWIFT in India. 
  • Bank of India has its global presence in the following countries:
    • France 
    • Hongkong
    • Japan
    • Kenya
    • New Zealand
    • Singapore
    • United States
    • Tanzania
    • United Kingdom
    • Uganda
    • South Africa
    • Vietnam
  • 'BOI Seva' is the chatbot of the bank which helps customers in solving their queries.  

Recent News about BOI: 

  • In June, Moody’s has put the Baa3 long-term local and foreign currency
    deposit ratings of Bank of Baroda, Bank of India, Canara Bank and UBI and their baseline credit assessment rating of “Baa3” under a review for downgrade.

This is all about the Bank of India. If you liked the article then please upvote it and share it with your friends. For more articles like this please stay tuned with us.

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Also, Read Similar interesting facts about all the Public Sector Banks of India. 

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Akshay KhandelwalAkshay KhandelwalMember since Sep 2019
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Comments

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Md Asif Ansary
BANK OF INDIA IS FIRST BANK THAT OPENED BRANCH OUTSIDE INDIA WHICH IS LONDON
Rahul Thakur

Rahul ThakurJul 16, 2020

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Deeksha Gangwar
Plz share about all PSB

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BankingIBPS ClerkNABARDSBI PONainital BankNIACL AOIDBIApprenticeHPSCBSBI ClerkIBPSLICESICJAIIBBNPBSCBPSCBRBIOtherQuick LinkMock Test
tags :PO, Clerk, SO, InsuranceGeneralUnion Bank SO ExamNRA CET Nainital BankUnion Bank of India SOSBI CBO

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