Bank of India, a leading nationalised Bank having more than 4,800 branches all over India has 6 NRI branches in India, including 3 NRI branches in Gujarat and 56 foreign establishments. One of those NRI branches at Ahmedabad is headed by the Chief Manager V J Gianani. This branch under guidance and leadership of T Sudhakar, General Manager NBG, and Raj Kumar Mitra, Zonal Manager Ahmedabad Zone, is organising an NRI meet at Ahmedabad on 10th January 2014 where about 200 NRI customers of the Bank will participate. A Cultural programme by famous singer Ms Maya Deepak has also been arranged on the occasion.
The bank was founded on 7th September, 1906 by a group of eminent businessmen from Mumbai. The Bank was under private ownership and control till July 1969 when it was nationalised along with 13 other banks. Beginning with one office in Mumbai, with a paid-up capital of Rs 5000,000 and 50 employees, the Bank has made a rapid growth over the years and blossomed into a mighty institution with a strong national presence and sizable international operations. In business volume, the Bank occupies a premier position among the nationalised banks.
The Bank has 4,828 branches in India spread over all states/ union territories including specialized branches. These branches are controlled through 50 Zonal Offices. There are 56 branches/ offices and 5 Subsidaries and one joint venture abroad.
While firmly adhering to a policy of prudence and caution, the Bank has been in the forefront of introducing various innovative services and systems. Business has been conducted with the successful blend of traditional values and ethics and the most modern infrastructure. The Bank has been the first among the nationalised banks to establish a fully computerised branch and ATM facility at the Mahalaxmi Branch at Mumbai way back in 1989. The Bank is also a founder member of SWIFT in India. Presently Bank has overseas presence in 22 foreign countries spread over 5 continents – with 56 offices including 5 Subsidiaries, 5 Representative Offices and one Joint Venture, at key banking and financial centres viz., Tokyo, Singapore, Hong Kong, London, Jersey, Paris and New York
Smt. V. R. Iyer took over as Chairperson & Managing Director of the Bank on 5th November, 2012. Prior to this assignment, Smt. Iyer was Executive Director of Central Bank of India.