Bank of India Overview
Pro stress-test →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
Pro stress-test →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
Pro stress-test →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