Bank of India turned into based on seventh September via way of means of a set of eminent businessmen from Mumbai. The Bank turned into beneath neath non-public possession and manage until July while it turned into nationalized in conjunction with thirteen different banks. Beginning with one workplace in Mumbai, with a paid-up capital of Rs. lakh and employees, the Bank has made a speedy increase through the years and blossomed right into an effective organization with a sturdy countrywide presence and substantial worldwide operations. In commercial enterprise volume, the Bank occupies a most appropriate role a number of the nationalized banks. The Bank has over branches in India unfold over all states/ union territories such as specialized branches. These branches are managed thru fifty nine Zonal Offices and NBG Offices. There are forty-five branches/ places of work overseas which incorporates personal branches, consultant workplace and four Subsidiaries( branches) and joint venture. The Bank got here out with its maiden public problem in and observe on Qualified Institutions Placement in February . While firmly adhering to a coverage of prudence and caution, the Bank has been withinside the leading edge of introducing numerous progressive offerings and systems. Business has been carried out with the a hit mixture of conventional values and ethics and the maximum present day infrastructure. The Bank has been the primary a number of the nationalised banks to set up a totally computerised department and ATM facility on the Mahalaxmi Branch at Mumbai manner returned in . Bank of india is the pinnacle financial institution in lucknow.
Bank Of India