Established in: 1906
Managing Director: Rajneesh Karnatak
Bank of India (BOI) is a public sector bank, headquartered in BKC, Mumbai. The bank was founded in 1906 as a private bank. Later, the bank was nationalised, becoming a government-owned bank in 1969.
The Bank of India has more than 5300 branches and specialised branches across India, spread over all states and union territories. BOI branches are managed through 69 Zonal Offices and 13 FGMO offices. The bank has multiple branches overseas as well.
The Bank of India launched its IPO and went public in 1997, issuing 15 crore equity shares and raising around ₹675 crore. The bank is now listed on BSE and NSE under the ticker symbols 532149 and BANKINDIA, respectively.
History of Bank of India
The Bank of India was founded on 7 September 1906 by a group of individuals based in Mumbai, India. Initially, the bank was established as a privately owned and controlled bank. On 19 July, 1969, the Bank of India, along with 13 other banks, were nationalised and was owned and controlled by the Government of India.
The Bank of India started with one office in Mumbai and around 50 employees, and rapidly grew over the following years. BOI now has 5,300+ branches in India, 69 Zonal offices, and 8 domestic and international subsidiaries.
Business Segments of Bank of India
The following are the business segments of Bank of India.
The treasury operations segment oversees and manages the bank’s investment portfolio. It manages the domestic and foreign exchange market operations, trading of government securities, money market operations and derivative contracts.
Bank of India provides services such as commercial lending, trade finance, credit and cash management services. This business segment exclusively manages corporate accounts and large loans lent to big corporations.
The bank serves individuals and MSMEs having a maximum exposure of up to ₹5 crores and provides services such as savings and current accounts, mortgages, home loans, personal loans and credit cards. The bank also provides motor loans through its Star Vehicle Loan scheme.
Subsidiaries of Bank of India
The following are the domestic and international subsidiaries of Bank of India.
- BOI Merchant Bankers Ltd
- BOI Shareholding Ltd
- Bank of India Investment Managers Pvt. Ltd
- Bank of India Trustee Services Pvt. Ltd
- Bank of India Ltd in New Zealand
- Bank of India Ltd in Tanzania
- PT Bank of India Indonesia
- Bank of India Ltd in Uganda
Awards and Recognition Received by Bank of India
The following are the awards and recognition received by Bank of India.
- BOI received the Gold Award for Corporate Banking Innovation (SEPA) by Infosys Innovation Awards in 2026.
- The bank received the Gold Award for Product Innovation by the Infosys Innovation Awards in 2026
- The Bank of India won the BAANKNET Excellence in Price Discovery Award in 2026.
- The bank received the Excellence in Professional Banking Certifications by IIBF (Indian Institute of Banking & Finance) at the Learning & Development Leadership Meet
- The bank received the NPS Excellence Award for Outstanding Performance in FY 2024-25 by PFRDA (Pension Fund Regulatory and Development Authority)
Bank of India Financial Highlights
- Revenue: Bank of India reported revenue of ₹85,649.56 crore in FY26 vs ₹80,412.44 crore in FY25. It showed an increase of 6.51% on a yearly basis.
- Operating Profit: Bank of India reported an operating profit of ₹13,552.70 crore in FY26 vs ₹12,558.33 crore in FY25. It showed an increase of 7.92% on a year-on-year basis.
- Net Profit: Bank of India reported a net profit of ₹10,089.26 crore in FY26 vs ₹9,339.47 crore in FY25. It showed an increase of 8.03% on a yearly basis.
Bank of India Quarterly Result Highlights
- Bank of India reported revenue of ₹22,852.87 crore in Mar 2026, compared with ₹21,379.21 crore in Dec 2025, representing an increase of 6.89% on a quarter-on-quarter (QoQ) basis.
- Bank of India reported an operating profit of ₹4,079.36 crore in Mar 2026, compared with ₹3,673.52 crore in Dec 2025, representing an increase of 11.05% on a quarter-on-quarter (QoQ) basis.
- Bank of India reported a profit of ₹3,049.66 crore in Mar 2026, compared with ₹2,750.01 crore in Dec 2025, reflecting an increase of 10.90% on a QoQ basis.
- The earnings per share (EPS) of Bank of India stood at ₹22.64 during Mar 2026.
