Bank of India
is a premier and one of the oldest commercial banks in
India, with presence all over India as also in all time zones
of the world. The Bank has a glorious history dating back to the
early years of this century. The Bank was founded in September
1906 and has all along maintained a position of pride among
the top 5 commercial banks in the country. In July 1969, Bank
of India was nationalized alongwith 13 other large Indian commercial
banks. Since then, the Bank has made enormous contribution to
India's efforts towards agricultural and rural development, industrial
diversification and modernization and export development. Keeping
pace with financial sector reforms in India, the bank has ventured
into Merchant Banking, Mutual Funds, Housing Finance, Custodial
& Depository through it's subsidiaries.
Today the Bank has over 2594 branches spread all over
India and 23 branches/offices overseas - in 10 countries,
spanning all time zones. The Bank has a pre-eminent position
in both wholesale banking and retail banking in India. Bank
of India believes in "Total Package Approach" to meet all the
financial and non-financial requirements of its customers.
Entrepreneurs
are not only assisted in establishing their projects, but are
also helped in day-to-day operations by providing necessary working
capital finance either on its own or through syndication. The
Bank also provides guarantees, letters of credit, remittance
facilities, supplier's credit, forward cover, advisory services
for hedging exchange rate and interest rate risks, trade information
reports, bankers' opinion reports on buyers and sellers, industry
status reports and prospects, etc.In the new era of economic
and financial sector reforms leading to progressive liberalization
and globalization of the Indian market, Bank of India is poised
to further it's position as a market leader and innovator in financial
services.The Bank looks at the new competition emerging in the
Indian banking and financial sector as an oppotunity to improve
it's customer servicing capability and overall performance.The
bank is pushing ahead with it's plans to computerize all it's
major branches and administrative offices and has also installed
ATM's at few centers.