Bank of India was founded on 7th September, 1906 by a group of eminent businessmen in Mumbai (previously known as Bombay), India. Prudence and high standard of customer service have been the corner stones of the Bank's growth. The Bank has 4322 Branches in India spread over all states/union territories including specialized Branches. There are 29 Branches/Offices (including 5 Representative Offices) and 3 Subsidiaries and 1 Joint Venture abroad. The Bank has a rich presence in South and South East Asian countries including China, Japan,Hongkong, Indonesia, Vietnam and Cambodia,in addition to Singapore. Corporate credit, export finance, forex and care for customer have created a strong brand equity for Bank of India.
Bank of India established its first foreign branch in London in 1946 followed by Osaka and Tokyo branches in 1950. Singapore Branch was established as the fourth foreign branch of the Bank in 1951. Over fifty years of experience in global banking has endowed the Bank with strong asset and correspondent relations with leading International Banks.
In the last decade, the Bank diversified into related areas like merchant banking, mutual fund, management of stock exchange clearing house, venture capital, depository services,bullion trading and credit card. Diversification has been brought about by establishing subsidiaries and joint ventures and also by acquiring strategic stakes in well run companies.
Bank of India's growth in recent years has been driven by technology absorption, integration of treasury, capitalising on emerging income streams and strong monitoring and control systems.
At Singapore, Bank of India specializes in trade finance, loan syndications, forex dealing, derivative products, remittance and India related business. The Bank commands the trust of local depositors who have been supporting the Bank since inception.
Our Bank's corporate personality and philosophy are fully reflected in our emblem, which is a five pronged star- a harmonious blend of the traditional and the functional. The elongated prong pointing upwards conveys the Bank's drive to achieve ascending goals. The Star is a beacon and guide to those in need of direction. We are fully committed to deliver superior results.. to your competitive advantage.