Monday, September 29, 2008

BANK OF INDIA

Bank of India, founded on 7th September in the year 1906 was nationalised along with 13 other banks in July 1969. Then its paid-up capital was Rs.50 lakh with only 50 employees and the only office in Mumbai.

Today Bank of India has been spread with 2594 branches including 93 specialised branches controlled by 48 Zonal Offices.

Bank of India came up with its maiden public issue in the year 1997 and the total number of shareholders stands to 3,17,890 as on 30/06/2004.

Bank of India was the first fully computerised branch among the nationalised banks with ATM facility at the Mahalaxmi Branch, Mumbai is the year 1989.

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 abroad

Bank of India was the first Bank in India to open branch office outside the country, at London, in 1946, and even it is the first to open a branch office in Europe, Paris in 1974.

The Bank has sizable presence abroad, with a network of 21 branches (including three representative office ) at key banking and financial centres viz.

* London
* New York
* Paris
* Tokyo
* Hong-Kong
* Singapore

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