Bank of India (BoI)

Overview

Bank of India (BoI) is Indian state-owned commercial bank + NSE: BANKINDIA BSE: 532149 + Government of India Ministry of Finance ~73%+ controlling + Indian retail + institutional + foreign investors free float + one of India's largest state commercial banks by assets + branches + founded Sep 7 1906 in Mumbai India as Bank of India by Indian Mumbai-based merchants + Jul 19 1969 Indian banking nationalisation + ~80M+ Bank of India customers ^{1, India report}.

History

Sep 7 1906 — Bank of India BoI founded in Mumbai India by Indian Mumbai-based merchants as Indian private commercial bank distinctive Indian banking heritage.

Jul 19 1969 — Bank of India nationalised under Indira Gandhi-era Indian Banking Nationalisation Act consolidating BoI into Government of India-owned commercial bank.

2014 — BoI Mobile banking app launch.

Ownership & operator

Operating entity: Bank of India BoI (Indian state-owned commercial bank; NSE: BANKINDIA; BSE: 532149).

Major shareholders: Government of India Ministry of Finance ~73%+ controlling + Indian retail + institutional + foreign investors free float.

Regulators: Reserve Bank of India RBI + national regulators across 18+ countries.

Technical integration

BoI Mobile app (iOS + Android; ~80M+ Bank of India customers) + bankofindia.co.in online + Bank of India branch network across India + UK + Hong Kong + Japan + Singapore + Cambodia + Kenya + Tanzania + Uganda + Myanmar + New Zealand + US + France + Belgium + China + Indonesia + UAE + Bahrain international branches + BoI Visa + Mastercard + RuPay cards; RuPay Indian national card scheme + EMVCo QRCPS QR payments + Bharat QR (Indian national QR payment scheme) + UPI Unified Payments Interface (Indian instant payments) + Indian Rupee INR domestic transfers.

Implementations & partners

Major Indian banking + payments competitors: State Bank of India (SBI) (State Bank of India SBI; India's largest commercial bank by assets + branches) + HDFC Bank App (HDFC Bank) + ICICI Bank (ICICI Bank) + Axis Bank / Axis Mobile (Axis Bank) + Kotak Mahindra Bank / Kotak811 (Kotak Mahindra Bank) + Punjab National Bank (PNB ONE) (Punjab National Bank PNB) + Canara Bank (Canara Bank) + Bank of Baroda (BOB) (Bank of Baroda BOB) + UPI QR (Unified Payments Interface UPI).

Regulators: Reserve Bank of India RBI + national regulators across 18+ countries.

Status

Active, Indian state-owned commercial bank + NSE:BANKINDIA BSE:532149 + Government of India Ministry of Finance ~73%+ controlling + one of India's largest state commercial banks by assets + branches + founded Sep 7 1906 in Mumbai India as Bank of India by Indian Mumbai-based merchants + Jul 19 1969 Indian banking nationalisation + ~80M+ Bank of India customers ^{1, 2}.

Sources

• 1 BoI — official
• 2 BoI — Wikipedia
• ^{India report} In-corpus: reports/countries/IN-india.md

Source

Biography extracted from boi-india.md. See matrix.md for standards-support matrix if present.