Bank of India is one of the prominent public sector banks in India, with the majority of the stakes being held by the Government of India. It was founded in the year 1906 as a private bank in Mumbai. However, the bank was nationalised in the year 1969, along with 13 other private sector banks. Bank of India started with a single office in Mumbai, with a paid-up capital of 50 lakh rupees.
| Particular | Details |
| Bank Name | Bank of India |
| Type | Public Sector |
| Founded | 7th September 1906 |
| Founder | Group of Businessmen |
| Headquarters | Mumbai, Maharashtra, India |
| MD & CEO | Rajneesh Karnatak |
| Chairman | M.R Kumar |
| Regulator | RBI |
| Services | Retail Banking, Corporate Banking, Treasury services and more |
| Branch Network | +5300 |
| Customer Base | N/A |
| Total Deposits | INR 8.87 lakh crore |
| Total Advances | INR 7.40 lakh crore |
| CASA Ratio | 37.97% |
| Bank Type Focus | Private and Corporate banking, Asset management and Wealth management |
| Official Website | www.bankofindia.bank.in |
Net Worth and Market Cap
Net Worth of Bank of India was approximately INR 85,460 crore in mid-2025. The market capitalisation of the bank is currently at INR 72,678.78 crore.
Corporate Leadership
Rajneesh Karnatak is the Managing Director and CEO of Bank of India. He assumed charge on 29th April 2023. M.R Kumar is the Non-Executive Chairman of the bank. Executive Directors of the bank include P R Rajagopal, Subrat Kumar, Rajiv Kumar and Pramod Kumar Dwivedi.
Overview of Banking/Financial Products and Services
Bank of India provides a wide range of banking and financial products and services in multiple segments, including retail banking, corporate banking, treasury operations, international banking and digital banking.
The bank offers multiple kinds of savings accounts, such as General, Super Savings, Pratham, Nari Shakti, Pensioners and more. Current account options include Gold, Diamond, Platinum and Super. Retail customers also get access to a host of loan options, such as personal loan, home loan, mortgage loan, vehicle loan, education loan, loan against property and others.
Corporate and MSME banking solutions by the bank include finance to new business, finance to existing business, commercial vehicle finance, government sponsored schemes, credit, trade finance, cash management services, API banking, POS terminal and digital POS.
The bank also provides a number of investment options to its customers. These include BOI mutual funds, other mutual funds, sovereign gold bonds, RBI bonds, National Pension System, PPF and Sukanya Samriddhi Scheme.
Headquarters and Distribution Network
Bank of India is headquartered at Bandra Kurla Complex, Mumbai, Maharashtra, India. It has a network of more than 5,300 branches, 69 zonal offices and 13 FGMO offices across India. Furthermore, the bank has 47 branches and offices in 15 countries spread over 5 continents.
