Bank of India - Company Profile
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Bank of India (BOI) is a provider of a range of retail and corporate banking and related financial solutions. Its retail banking products offered to individuals include comprise of current and savings accounts, term deposits, and deposit schemes; lending solutions, which consist of loans for personal usage, agricultural, commercial purpose, car purchase and housing; and term insurances. The bank offers cash management services, export finance, channel credit, trade and project finance, and syndication services to corporate clients. It provides rural banking services, and loans to micro, small and medium enterprises. In addition to these, BOI also provides e-trade, cards, internet banking, depository services, remittance services, debenture trustee services, and mutual fund products. The bank operates through its branches in India and foreign countries including Hong Kong, South Africa, Vietnam, Kenya, Japan, New Zealand, Uganda, Botswana, Tanzania, Singapore, France, the UK, and the US. BOI is headquartered in Mumbai, Maharashtra, India.
Headquarters
India
Address
Express Towers, Nariman Point, Mumbai, Maharashtra, 400051
Website
www.bankofindia.co.in
Telephone
91 80 01031906
No of Employees
45,613
Industry
Financial Services
Ticker Symbol & Exchange
BANKINDIA (NSE)
Revenue (2022)
$7.0B
19.1%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
9.9%
(2022 vs 2021)
Market Cap*
$7.9B
Net Profit Margin (2022)
XYZ
-7.7%
(2022 vs 2021)
* As of and is in US$
Bank of India premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Accounts and Deposits: | Cash Management |
| Current Accounts | Depository Participant |
| Term Accounts | Fixed Income and Money Market Services |
| XYZ | XYZ |
| XYZ | XYZ |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Others | In February, Bank of India Mutual Fund launched the Bank of India Multi Asset Allocation Fund. |
| 2024 | New Products/Services | In January, the bank introduced the Super Special Fixed Deposit scheme. |
| 2023 | New Products/Services | In December, the bank introduced BOI STAR EXPORT CREDIT. |
Competitor Comparison
| Key Parameters | Bank of India | State Bank of India | HDFC Bank Ltd | ICICI Bank Ltd | Canara Bank |
|---|---|---|---|---|---|
| Headquarters | India | India | India | India | India |
| City | Mumbai | Mumbai | Mumbai | Mumbai | Bangalore |
| State/Province | Maharashtra | Maharashtra | Maharashtra | Maharashtra | Karnataka |
| No. of Employees | 45,613 | 235,858 | 208,066 | 126,660 | 84,978 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Rajneesh Karnatak | Chief Executive Officer; Director; Managing Director | Executive Board | 2023 | - |
| Swarup Dasgupta | Director | Executive Board | 2021 | 57 |
| M. Karthikeyan | Director | Executive Board | 2021 | 56 |
| B.Kumar | Chief Financial Officer | Senior Management | 2023 | - |
| Yusuf Roopawalla | Chief Technology Officer | Senior Management | 2023 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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