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Bank of India is one of the top five public sector banks in terms of assets and deposits. BOI was founded in the year 1906, by a few smart business men who belonged to Mumbai.Bank of India provides services like collection of taxes, broker stamp duty collection, and pension disbursements on behalf of the Government.
The Bank was initially privately owned and controlled till July 1969 when it was nationalised and became a major player among the nationalised banks. The bank has a sizable presence in India and Abroad. It became the first Indian bank to open branches outside the boundaries of the country and in Europe. The Bank is also a Founder Member of SWIFT in India.
Services
Bank of India helps the customer get financial support by providing various services:
1) Cards ( Debit cards, Credit cards)
2) Loans ( car loan, home loan, education loan & personal loan etc )
3) Insurance
4) NRI deposits
5) Deposit account ( Savings and current account)
6) Investment ( Fixed deposit, Recurring deposit)
7) Banking ( Balance enquiry, Mobile banking)
8) Net banking and customer care
Also involved in Corporate Banking, Retail Banking, Agricultural Banking, MSME Banking, International Banking
Mergers and Acquisitions
Milestones
There are various milestones including Some of the First’s of the bank:
Awards
Some of the recent awards include:
In 2019
In 2020
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