BANK OF INDIA
PUBLIC SECTOR BANKS OF INDIA – BANK OF INDIA
Bank of India (BoI) is a state-owned commercial bank with headquarters in Mumbai City In India. Government-owned since nationalization in 1969, it is India’s 4th largest bank, after State Bank of India, Punjab National Bank and Bank of Baroda. It has 3415 branches including 29 branches outside India.
BoI is a founder member of Society for Worldwide Inter Bank Financial Telecommunications (SWIFT) which facilitates provision of cost-effective financial processing and communication services. The Bank completed its first one hundred years of operations on 7 Sep, 2006.The first board of directors of the bank Of India consisted of Sir Sassoon David, Sir Cowasjee Jehangir, J.Cowasjee Jehangir, Sir Frederick Leigh Croft, Ratanjee Dadabhoy Tata, Gordhandas Khattau, Lalubhai Samaldas, Khetsety Khiasey, Ramnarain Hurnundrai, Jenarrayen Hindoomull Dani, Noordin Ebrahim Noordin.
The earlier holders of the Bank of India name had failed and were no longer in existence by the time a diverse group of Hindus, Muslims, Parsees, and also Jews helped establish the present Bank of India in 1906. It was the first in India promoted by Indian interests to serve all the communities of India.