BOI Full Form | Full Form of BOI

Bank of India

The full form of BOI is Bank of India. BOI may be a commercial bank with its head office is found in Mumbai’s Bandra Kurla Complex Established in 1906, after nationalization in 1969, it’s been government-owned.
As of 31 March 2019, BOI has 5,316 branches, with 56 branches outside India, comprising five subsidiaries, five representative offices, and one joint - ventures.
BOI may be a founder partner of the Society for Interbank Financial Telecommunications Worldwide (SWIFT), which promotes the delivery of cost-effective money processing and transmission facilities.

A brief history of BOI

On 7 September 1906, the BOI was created by a group of prominent businessmen from Mumbai, Maharashtra, India.
Until 19 July 1969, when it had been nationalized alongside Thirteen other banks, the bank was under private control and ownership.
The Bank has expanded steadily over the years, beginning with one office in Mumbai with a paid-up capital of roughly five million & fifty employees, and has flourished into a powerful institution with a big national existence and substantial overseas operations.
The Bank holds a major role among the banking institutions in terms of market size.
The bank has more than 5,100 offices in India, including specialized branches, distributed across all states/union territories.
These divisions are governed by fifty-four zonal offices. There are sixty offices, five branches and one international joint venture.
The Bank’s first public problem came out in 1997 and followed the positioning of qualified institutions in February 2008.