Bank of India (BoI) is an 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 December 2024, Bank of India's total business stands at inr 14462950000000,[6] has 5,202 branches and 8166 ATMs & CRM around the world (including 22 overseas branches).[3][7]
History
Bank of India was cofounded on 7 September 1906 by Ramnarain Ruia (also known as Ramnarain Hurnundrai), Sassoon Jacob Hai David, Ratanjee Dadabhoy Tata, Gordhandas Khattau, Sir Cowasjee Jehangir, Lalubhai Samaldas