Bank of India (BOI) was founded on 7th September 1906 as one of the first truly Indian-owned banks during the British Raj. Unlike banks that served the colonial administration, BOI was set up with a clear purpose — to serve the people of India, finance trade and industry, and become a partner in nation-building. Today, as we celebrate its 121st Foundation Day, BOI stands as a living institution of trust, resilience, integrity, and inclusive growth.
Built on the timeless principles of prudence, caution, transparency, and a forward-looking vision, BOI has weathered global wars, economic downturns, nationalisation, liberalisation, and digital disruption. Each challenge has only made the bank stronger. Over 120 years, BOI has grown into a repository of trust for millions of stakeholders — retail customers, farmers, MSMEs, corporates, and NRIs across the globe.
BOI has always believed in building “Relationships Beyond Banking.” This is why millions of customers continue to choose BOI as their preferred bank. The reason is simple: superior products, efficient services, professional conduct, and service delivered with courtesy and dignity. Whether it is a farmer in a rural branch or a corporate in Mumbai, every customer is treated as a partner in progress.
As one of India’s leading development banks, BOI has consistently invested its money and faith in the people of India. The bank played a pioneering role in rural banking, micro-credit, self-help groups, and financial literacy. In agriculture, BOI was among the first to design Kisan Credit Card schemes and support rural infrastructure. In MSME, the bank has been a key driver of entrepreneurship through Mudra, Stand-Up India, and CGTMSE-backed loans.
BOI’s commitment to Financial Inclusion sets it apart. The bank has been at the forefront of implementing Government-sponsored schemes — PM Jan Dhan Yojana, Atal Pension Yojana, PM Suraksha Bima, PM Jeevan Jyoti Bima, and social security pensions. By taking banking to the last mile, BOI has helped convert unbanked citizens into empowered participants of the formal economy.
Even during unprecedented times like COVID-19, BOI ensured business continuity and uninterrupted services. Branches operated with safety protocols, digital channels were scaled up, and special credit lines were extended to healthcare, MSMEs, and stressed sectors. The bank stood with the nation when it mattered most.
In today’s digital era, BOI has embraced best-in-class technology. With internet banking, mobile apps, UPI, AePS, video KYC, and API-based banking, the bank delivers seamless, secure, and 24x7 banking. At the same time, BOI has strengthened its cyber security, data privacy, and risk management frameworks to protect customer interests.
BOI today has a strong national network of 5000+ branches and a growing international presence across 20+ countries. In business volume, the bank holds a premier position among public sector banks. Its international operations serve NRIs and Indian corporates, strengthening India’s global trade and remittance corridors.
The true strength of BOI lies in its people. With inspiring leadership from Top Management, the dedication of experienced staff, and the energy of new professionals, BOI has built a unique culture. Employees are trained to deliver speedy, efficient, fair, and courteous service — because in banking, trust is earned one customer at a time. Under ongoing reforms, the bank is focusing on asset quality, capital optimization, NPA recovery through Mission Samadhan, and sustainable profitability. The emphasis is on “Working More and Working Better” to achieve strong results and enhance shareholder value.
As BOI enters its 121st year, it does so with a clear vision: to be the most trusted, technology-enabled, and customer-centric bank that continues to power India’s growth story. From financing infrastructure and renewable energy to supporting startups and women entrepreneurs, BOI remains committed to nation building, ethical banking, and customer delight at every touchpoint.