BOI Full Form
boi full form What is the full form of boi?
|Bank of India|
The full form of BOI is Bank of India. Bank of India (BOI) is an Indian nationalized bank. It is owned by the Ministry of Finance, Government of India, headquartered at Bandra Kurla Complex, Mumbai
As of 31 March 2021, Bank of India has a total business of ₹1,037,549 crore (US$150 billion), with 5,108 branches and 5,551 ATMs worldwide (including 24 overseas branches).
boi full form bank of india history
Bank of India was established on 7 September 1906 by a group of eminent businessmen from Mumbai, Maharashtra, India.
Starting with an office in Mumbai with a paid-up capital of ₹5 million (US$70,000) and 50 employees, the bank has grown rapidly over the years and has grown into a powerful institution with a strong national presence and large international operations. as has evolved. .
The Bank has more than 5,084 branches in India which are spread across all the States and Union Territories including specialized branches. These branches are controlled through 54 zonal offices. There are 60 branches abroad, 5 subsidiaries and 1 joint venture.
The bank came out with its first public issue in 1997 and followed up on qualified institutions placement in February 2008.
The principal promoter of the Bank of India was Sir Sassoon J. David (1849–1926). He was a member of the Sassoon family, which in turn was part of a Bombay community of Baghdadi Jews notable for their history of social service.
BoI’s international expansion began in 1946 when Bank BoI opened a branch in London, the first Indian bank to do so. This was the first overseas branch of any Indian bank after World War II.
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