# Bank of India (BoI)

> Source: https://docs.barcoder.ai/docs/wallets/boi-india
> research date 2026-06-01 · extracted at 2026-10-07
> Publisher: Barcoder — encyclopedia of QR, barcode and payment-code standards

Specifications:
- [BoI — official](https://www.bankofindia.co.in/)

## 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** <sup>[1][1], [India report](https://docs.barcoder.ai/docs/payments/IN)</sup>.

## 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)](https://docs.barcoder.ai/docs/wallets/sbi-india) (State Bank of India SBI; India's largest commercial bank by assets + branches) + [HDFC Bank App](https://docs.barcoder.ai/docs/wallets/hdfc-bank) (HDFC Bank) + [ICICI Bank](https://docs.barcoder.ai/docs/wallets/icici-bank) (ICICI Bank) + [Axis Bank / Axis Mobile](https://docs.barcoder.ai/docs/wallets/axis-bank) (Axis Bank) + [Kotak Mahindra Bank / Kotak811](https://docs.barcoder.ai/docs/wallets/kotak-mahindra) (Kotak Mahindra Bank) + [Punjab National Bank (PNB ONE)](https://docs.barcoder.ai/docs/wallets/pnb-india) (Punjab National Bank PNB) + [Canara Bank](https://docs.barcoder.ai/docs/wallets/canara-bank) (Canara Bank) + [Bank of Baroda (BOB)](https://docs.barcoder.ai/docs/wallets/bob-india) (Bank of Baroda BOB) + [UPI QR](https://docs.barcoder.ai/docs/standards/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** <sup>[1][1], [2][2]</sup>.

## Sources

[1]: https://www.bankofindia.co.in/ "BoI — official"
[2]: https://en.wikipedia.org/wiki/Bank_of_India "BoI — Wikipedia"
[in-cro]: https://docs.barcoder.ai/docs/payments/IN

- [1] [BoI — official][1]
- [2] [BoI — Wikipedia][2]
- <sup>[India report](https://docs.barcoder.ai/docs/payments/IN)</sup> In-corpus: `reports/countries/IN-india.md`

## Source

Biography extracted from [boi-india.md](https://docs.barcoder.ai/source/wallets/boi-india). See `matrix.md` for standards-support matrix if present.