BANK OF INDIA Company Profile Details at KooCapital.Com – Stock Market News Portal.
Bank of India engages in the provision of commercial and retail banking services. It operates through the following segments: Treasury, Wholesale Banking, and Retail Banking Operations. The Treasury Operations segment includes government and other securities, money market and forex operations. The Wholesale Banking Operations segment provides all advances which are not included under Retail Banking. The Retail Banking Operations segment provides the maximum aggregate exposure up to 5 crores. The company was founded by Sassoon Jacob Hai David, Ratanjee Dadabhoy Tata, Gordhandas Khattau, Cowasjee Jehangir, Lalubhai Samaldas, Khetsey Khiasey, Ramnarain Hurnundrai, Jenarrayen Hindoomull Dani, Noordin Ebrahim Noordin, and Shapurji Broacha on September 7, 1906 and is headquartered in Mumbai, India.
bank of india company operating in Finance Sector and dealing in Major Banks. bank of india is SEBI Listed Company (India) and having:-
ISIN (An International Securities Identification Number): INE084A01016
Equity Stock (National Stock Exchange) Symbol: BANKINDIA
NSE Link IS: https://www.nseindia.com/get-quotes/equity?symbol=BANKINDIA
BSE Link IS: https://www.bseindia.com/stock-share-price/bank-of-india/BANKINDIA/532149/
Bank of India is an India-based bank. The Bank’s segments include Treasury Operations, Wholesale Banking and Retail Banking. The Treasury operations segment includes the entire investment portfolio, which is dealing in government and other securities, money market operations and foreign exchange operations.(Source : Company Web-site )
Ratios Capital Adequacy Ratio – 12.51%[1] Net Interest Margin – 2.58%[2] Gross NPA – 13.25% Net NPA – 2.46% CASA Ratio – 40.61%
Bank of India 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.50 lakh and 50 employees, the Bank has made rapid growth over 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 3101 branches in India spread over all states/ union territories including 141 specialised branches. These branches are controlled through 48 Zonal Offices . There are 29 branches/ offices (including three representative offices) abroad.Total number of shareholders as on 30/09/2009 is 2,15,790.
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. It pioneered the introduction of the Health Code System in 1982, for evaluating/ rating its credit portfolio.
Bank of India was the first Indian Bank to open a branch outside the country, at London, in 1946, and also the first to open a branch in Europe, Paris in 1974. The Bank has sizable presence abroad, with a network of 29 branches (including five representative office) at key banking and financial centres viz. London, Newyork, Paris, Tokyo, Hong-Kong and Singapore. The international business accounts for around 17.82% of Bank’s total business.
Bank of India stand with []
Company Website: http://www.bankofindia.com/
Company Website2: http://www.bankofindia.co.in/
LinkedIn page URL: https://in.linkedin.com/company/bank-of-india
Wiki Profile URL: https://en.wikipedia.org/wiki/Bank_of_India
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