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Bank of India: Business Overview, Financials & Competitive Analysis

Bank of India is a government-owned public sector bank founded in 1906 and nationalized in 1969. With over 5,084 branches across all Indian states and union territories, BoI is one of India's major banking institution...

Analyst-debate audio for Bank of India

AskCyborg analysts argue the bull and bear cases for Bank of India across 11 stress-tested dimensions. Listen on your commute -- faster than reading the 30-page report.

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What's in This Report
Bank of India OverviewStrategic ProfileCompetitive LandscapeIndustry ContextKey facts
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6/ 10Solid

Cyborg Score thesis

Established public sector bank with stability and scale, but competitive positioning remains unclear without recent financial...

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Industry Banking and Financial Services
3 named competitors
1 recent developments
11 analyst dimensions
Synthesized from analyst-debate stress-testing across 11 dimensions and hundreds of data points. Methodology →
Cyborg Score recalibrated: June 15, 2026
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Bank of India Overview

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Bank of India is a government-owned public sector bank founded in 1906 and nationalized in 1969. With over 5,084 branches across all Indian states and union territories, BoI is one of India's major banking institutions offering retail and corporate banking services domestically and internationally.

Strategic Profile

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As a SWIFT founding member, Bank of India operates a substantial network with 60 international branches across 5 subsidiaries and 1 joint venture, positioning it as a significant player in India's banking landscape. The bank competes in the public sector banking space alongside larger peers like State Bank of India and HDFC Bank, focusing on retail and corporate lending.

Competitive Landscape

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Bank of India competes in India's crowded banking sector against State Bank of India (the market leader with 23% asset share), private sector banks including HDFC Bank and ICICI Bank, and other public sector banks. The Reserve Bank identifies SBI, HDFC Bank, and ICICI Bank as systemically important institutions, reflecting competitive dynamics that favor larger players.

Industry Context

Bank of India operates in Banking and Financial Services.

Key facts

Founded: 1906 · Headquarters: Mumbai, India

What the analysts stress-tested

The top findings that survived the multi-agent debate for Bank of India.

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Recent developments

Material events tracked by the AskCyborg corpus.

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Named competitors

Pulled from the analyst-debate framework. Click any competitor to see their Cyborg Score.

State Bank of IndiaIndia's largest bank by assets with 23% market shareHDFC BankLeading private sector bankICICI BankMajor private sector financial services provider

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Industry context

Bank of India operates in Banking and Financial Services. See how the rest of the sector scores on the Cyborg framework.

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Frequently asked questions

What does Bank of India do?+
Bank of India is a government-owned public sector bank founded in 1906 and nationalized in 1969. With over 5,084 branches across all Indian states and union territories, BoI is one of India's major banking institution...
What is Bank of India's Cyborg Score?+
Bank of India has a Cyborg Score of 6/10 (Solid). The score synthesizes business model, financials, leadership, competitive position, technology, marketing, and ESG dimensions across hundreds of data points.
Who are Bank of India's main competitors?+
Named competitors include State Bank of India, HDFC Bank, ICICI Bank. The full competitive landscape is in the AskCyborg report.
How can I get the full Bank of India research report?+
Get the report plus analyst-debate audio at askcyborg.com -- no credit card required for preview access. Pro adds saved-company audio playlists and monitoring.
How current is the Bank of India research?+
The Cyborg Score is recalibrated weekly. Recent developments are tracked continuously and surfaced in every report.

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