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What is Bank of India Bihar?
Bank of India Bihar is one of the operational branch office located in India. Bank of India is one of the leading commercial bank based in Mumbai, India. The bank offers wide range of financial services to national and international customers. Bank of India operates more than 3,000 regional offices throughout the India which includes approximately 140 major branches that are owned and operated by nearly 45 Zonal Offices. The corporation has more than 40 international branches in which Three are representative offices. Bank of India is publicly traded listed on Bombay Stock Exchange and has annual Revenue over $ 4 billion. The bank employs more than 11,000 employees across all the branches. The bank has major services in retailing, mortgages, commercial, asset management, credit cards and private banking.
Bank of India started business journey on 7th of September 1906 in Bombay. According to July 1969, the bank was nationalized with nearly 12 banks and operated publicly. The bank was listed on Bombay Stock Exchange in the year 1921. The corporation expanded business services in the year 1946 with the first bank branch in London, United Kingdom. As of the year 1950, the bank started operations in Osaka & Tokyo, In 1951 Singapore office was established, Tanganyika branch in 1955, Nigeria office in 1962, Aden branch office in 1954, Hong Kong operations was started in 1960, Kenya and Uganda offices was established in the year 1953. According to the year 2003 & 2005, the bank started operations in Shenzhen and Vietnam. Bank of India hired approximately more than 76% of shares of PT Bank Swadesi. The bank established major subsidiaries in New Zealand on 6th of October 2011, on 9th of August 2013 in Botswana and on 18th of June 2012 in Uganda.
Bank of India offers a large number of products and services through retail banking, treasury operations and wholesale banking services. The wide range of management services consist of syndication & project finance services, trade finance that includes bank guarantee & bill finance and loans including channel credit, bullion banking, traders, foreign currency swing limit, discount future cash flows, exporters gold card and traders. The customers are served with different deposit products including tax saving deposit, savings, term and loan products include holiday loans, vehicle loans, home loans, pensioner loans, personal loans, hosing loans to PIOs, trade finance & NRIs. The rural customers are served with land development, cold storage, minor irrigations, purchase of land, crop finance and various card services like Kisan Credit Card & Kisan Samadhan Card.