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  • Bank of India
B
Bank of India Banks
₹ 114.14 +1.97 (1.76%)
  • NSE
  • BSE

Overview

  • BSE Code 532149
  • NSE Symbol BANKINDIA
  • ISIN Demat INE084A01016
  • Book Value (₹) 154.49
  • Face Value (₹) 10.00
  • Market Cap (₹ Cr.) 52,332.92
  • P/E (TTM) 5.77
  • EPS (TTM) 19.92
  • Div Yield (%) 3.52

Performance

Today’s Low 112.90
Today’s High 116.10

114.14
52W Low 90.05
52W High 130.24

114.14
Open 112.90
Prev. Close 112.17
Volume 62,72,053.00

Corporate Actions

Bank of India - Disclosure under SEBI Takeover Regulations
Apr 28, 2025

Bank Of India has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

About Bank of India

Journey of Bank of India

Bank of India came into existence as by a group of eminent businessmen in Mumbai on September 7, 1906, with a paid-up capital of ₹50 lakh. It was the first bank in India to be promoted by Indian interests and to serve all the communities of India. In 1921, the Bank received a contract from the Bombay Stock Exchange to manage the latter’s clearing house. In 1946, they became the first Indian bank to open a foreign branch in London. The bank was nationalised in July 1969. In 1997, the Bank came out with its maiden public issue and also introduced bullion banking. In 2004-05, the bank tied up with ICICI Prudential Life Insurance to provide references to customers for the sale of their life insurance products against a referral fee. They made further strategic alliance with the Securities Trading Corporation of India (STCI) to facilitate the secondary market sale of Government Securities. In 2008, the company had a follow on qualified institutional placement, too. Bank of India was the first nationalised bank to establish a fully computerised branch and an ATM facility back in 1989. It is also a founder-member of SWIFT in India. It also pioneered the adoption of the Health Code System in 1982 for rating its credit portfolio.

Business Segments

The bank primarily operates in two business segments, namely wholesale banking operations and retail banking operations. 
  1. Wholesale Banking- Thisincludes cash management services, trade finance and credit for corporates and MSMEs. There are further schemes for MSMEs, such as health schemes, commercial vehicle loans, and guarantee schemes. It also has special schemes for agriculture, such as loans for farming, mechanisation, Self-help Groups, etc.
  2. Retail Banking:Under this segment, the bank delivers account opening and maintenance, cards and deposits. The bank also delivers general, life and health insurance, along with its own mutual funds. It also delivers a wide range of government investment and savings schemes.
In its domestic loan book in 2023, corporates take up the highest share at 37%, followed by retail loans, MSME and agriculture. Foreign business contributes about 12.5%.

Subsidiaries

Bank of India has the following domestic subsidiaries:
  1. BOI Shareholding Ltd. (BOISL)- BOISL is BOI’s wholly owned subsidiary that acts as Depository Participant (DP) of both the Depositories, National Securities Depository Ltd. (NSDL) and the Central Depository Services (India) Ltd. (CDSL)
  2. BOI Investment Managers Pvt. Ltd. (BOIIMPL)- It is a wholly owned subsidiary that is an investment advisory services organization.
  3. BOI Trustee Services Pvt. Ltd. (BOITSPL)- It is a wholly owned subsidiary that delivers trustee services.
  4. BOI Merchant Bankers Ltd. (BOIMBL)- This organization is a wholly owned subsidiary that undertakes merchant banking enterprise, including arranging syndicated loans, bonds and debentures.
The bank has the following international subsidiaries for its global operations:
  1. PT Bank of India Indonesia Tbk.
  2. Bank of India (Tanzania) Ltd.
  3. Bank of India (New Zealand) Ltd.
  4. Bank of India (Uganda) Ltd.

Key Personnel

Shri Rajneesh Karnatak, MD and CEO  Mr. Karnatak assumed charge as Managing Director and Chief Executive Officer of Bank of India on April 29, 2023. He was the Chief General Manager of Punjab National Bank before his appointment as Executive Director at Union Bank of India on October 21, 2021. Shri Karnatak has a rich banking experience of over 29 years and carries varied branch and Administrative office experience. He had earlier worked in the erstwhile Oriental Bank of Commerce and then in Punjab National Bank in Credit Review & Monitoring roles.

Corporate Actions

The company has not announced any bonus shares, rights issue, buyback of shares, or stock splits in recent times. Mergers and Acquisitions
  • During the year 2007-08, the Bank gained complete control of a 76% stake in PT Bank Swadesi Tbk for a total consideration of Indian ₹3.77 crores.
  • In January 2019, the Bank of India gained complete control of Bharatiya Mahila Bank (BMB) which had been established exclusively to provide banking services to women.
Founded: 1906
Chairman: M R Kumar
Managing Director: Rajneesh Karnatak
Address: Star House 8th Flr C-5 G Block, Bandra-Kurla Complex Bandra(E), Mumbai, Maharashtra, 400051,