What It Does: Bank of India is a state-owned commercial bank with headquarters in Mumbai. The Bank provides a wide range of banking products and financial services to corporate and retail customers.
Vision: To become The Bank of choice for corporates, medium business and upmarket retail customers and development banking for small business, mass market and rural markets.
Mission: To provide superior, proactive banking service to niche markets globally, while providing cost-effective, responsive service to others in our role as a development bank, and in doing so meet the requirements of our stakeholders.
Size & Presence: 51,459 employees working over 5000 branches in India spread over all states/ union territories including specialized branches. These branches are controlled through 59 Zonal Offices and 10 NBG Offices.
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 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 over 5000 branches in India spread over all states/ union territories including specialized branches. These branches are controlled through 59 Zonal Offices and 10 NBG Offices. There are 45 branches/ offices abroad which includes 23 own branches, 1 representative office and 4 Subsidiaries(20 branches) and 1 joint venture. The Bank came out with its maiden public issue in 1997 and follow Qualified Institutions Placement in February 2008.
While firmly adhering to a policy of prudence and caution, the Bank has been at the forefront of introducing various innovative services and systems. The business has been conducted with a 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 in 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.
Presently Bank has an overseas presence in 18 foreign countries spread over 5 continents – with 45 offices including 4 Subsidiaries, 1 Representative Office and 1 Joint Venture, at key banking and financial centres viz., Tokyo, Singapore, and Hong Kong, London, Paris, New York and DIFC Dubai.
The Selection Procedure for Bank of India Faculty is Prelims Exam, Mains Exam and Interview. Candidates qualifying in the prelims exam will be eligible to appear for the mains exam. Those candidates who qualify in the main exam will be eligible to appear for the interview which is the final stage.