Know the history of "Bank of India" before Investing — then Trade Confidently

WikiFX | 2025-06-10 16:19

Abstract：If you are thinking of investing with Bank of India, one of the oldest banks in India, it is better to learn about its history first and then decide whether you should invest with it or not.

If you are thinking of investing with Bank of India, one of the oldest banks in India, it is better to learn about its history first and then decide whether you should invest with it or not.

Foundation of Bank of India

Bank of India was established on September 7, 1906, by a group of prominent businessmen based in Mumbai. Initially, it operated as a privately owned and managed institution until July 1969, when it was nationalized along with 13 other banks.

Humble Beginning with 50 Employees

The Bank started with one office in Mumbai, ₹50 lakh in capital, and 50 employees. Over the years, it has grown quickly and become a large and strong bank with a wide presence across India and operations in other countries too.

5100+ branches in India

According to the Bank, The Bank has over 5100+ branches in India spread over all states/ union territories including specialized branches. These branches are controlled through 69 Zonal Offices and 13 FGMO Offices. There are 47 branches/ offices abroad which includes 22 own branches including IBU Gift City at Gandhinagar Gujarat, 1 representative office and 4 Subsidiaries (23 branches) and 1 joint venture.

International Presence

Presently Bank has overseas presence in 15 foreign countries spread over 5 continents – with 47 branches/offices including 4 Subsidiaries, 1 Representative Office and 1 Joint Venture, at key banking and financial centres viz., Tokyo, Singapore, Hong Kong, London, Paris, New York, DIFC Dubai and International Banking Unit (IBU) at GIFT City Gandhinagar.