SGM COLLEGE OF COMMERCE & ECONOMICS

STD: S.Y.B.M.S. SEMESTER III SUBJECT: BANKING & INSURANCE TOPIC: Bank of India SUBMITTED TO: PROF. Miss Carolyn Fernandez Fernandez

PRESENTED By:-Group 4 By:-

Name
 VASI-UZ-ZAMA VASI-UZ VIKAS SINGH  AJAY

Roll no
12 13 14 16 17

YADAV  AFTAB HASHMI  ALI WARASI

Introduction:Introduction:y

y y

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 . In business volume, the Bank occupies a premier position among the nationalised banks. BoI is a founder member of SWIFT (Society for Worldwide Inter Bank Financial Telecommunications), which facilitates provision of cost-effective financial processing and communication services.

History:History:y

Bank of India was founded on 7th September under Act VI of 1882, with an authorized capital of Rs. 1 crore divided into 100,000 shares each of Rs. 100. The promoters placed 55,000 shares privately, and issued 45,000 to the public by way of IPO on 3 October 1906; the bank commenced operations on 1 November 1906.
In 1921 Bank of India entered into an agreement with the Bombay Stock Exchange to manage its clearing house.

The Bank of India was nationalised in 1969 along with 13 other banks . It is India's 4th largest bank, after SBI, PNB and Central Bank of India.

History:History:Beginning with one office in Mumbai, with a paid-up capital of Rs.50 lac 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. y It has 3216 branches, including 27 branches outside India & 48 zonal branches. y The Bank completed its first one hundred years of operations on 7 September 2006. BOI came out with an IPO in 1997.
y

The Bank of India has initiated many services to meet the worldwide needs of its clients and leverage its domestic banking strengths. The bank has a global presence through its branches in London, Tokyo, New York, Paris, Hong Kong, Singapore, etc. y BOI has a network of approximately 24 branches abroad (which also includes four representative offices). It became the first nationalised bank of India to establish a presence in London by opening a branch in 1946.
y
y

In 1951 BoI opened a branch in Singapore.

Bank of India corporate office, Singapore

It was also the first Indian bank to open a branch in continental Europe (Paris) in 1974. Its international business revenues contribute approximately 16 per cent to the banks total revenues. y In June 1997, the bank established the India Desk to cater exclusively to NRIs and India related business.
y

Bank of India corporate office, Paris

Merger ::In 1970, National Bank of Southern Yemen incorporated Bank of India's branch in Yemen, together with those of all the other banks in the country; this is now National Bank of Yemen. BoI was the only Indian bank in the country. y In 1987, Bank of India took over the three UK branches of Central Bank of India (CBI). CBI had been caught up in the Sethia fraud and default and the Reserve Bank of India required it to transfer its branches.
y

MetroMetro-city Branches:Branches: Bank of India (Head Office), BKC, Mumbai

 Bank of India , Connaught Circus, New Delhi  Bank of India , Brabourne Road, Kolkata  Bank of India , Erabalu Street , Chennai
Bank of India (Head Office), BKC , Mumbai

Facilities ::y

Online Banking

Ancillary Services
Remittance Star Cash Management Service Safe Deposit Vault Safe Custody Service Depository Services Gold Insurance Mutual Fund

 Mobile Banking & Payments  Internet Banking  Trading in Shares  Pay Bills  Book Ticket  Tax Payment

Online

Future Plans:Plans:y

BOI also plans to enhance its services to Indian companies that are investing in the UK. It has plans to assist them in generating corporate and project finance for their investments abroad. It plans to increase its focus on other diversified services, apart from banking services such as venture capital, merchant banking, etc. The bank also hopes to leverage IT technology and develop quality products and services for increasing its reach and gaining competitive advantage.

Future Plans:Plans:y

BOI has plans to open a branch in Antwerp (Belgium) to cater to the requirements of diamond merchants, traders and in this segment BOI is market leader in India.

Empowering to Customers

 www.wikipedia.org www.bankofindia.com