Mumbai: Bank of India (BOI) celebrated its 121st Foundation Day, marking more than 12 decades of trust, service and contribution to India’s economic development. The celebrations were organised across the Bank’s nationwide network, bringing together employees, customers, former staff members, pensioners and other stakeholders.
Established on September 7, 1906, with a single branch and a small team of employees, Bank of India has grown into one of India’s leading public sector banks with a global presence.
Bank of India Marks 121 Years of Trust and Service
Over the past 121 years, Bank of India has expanded its reach significantly and today serves customers across major cities as well as remote villages.
Key milestones include:
- Approximately 37,000 customer touchpoints across the country.
- More than 52,000 employees serving customers.
- A presence across major urban centres and remote parts of India.
- A growing global presence as a leading public sector bank.
The Foundation Day celebrations highlighted the Bank’s long-standing relationship with customers and its role in supporting India’s economic progress.
Read also: Union Bank of India Organises Home Loan Awareness Campaign for EWS, LIG and MIG Groups
BOI’s Global Business Crosses ₹17.50 Lakh Crore
Bank of India has also achieved significant business milestones in recent years.
During Q1 FY27, the Bank’s Total Global Business crossed ₹17.50 lakh crore, reflecting the scale of its operations and expanding customer base.
In FY26, Bank of India also crossed the milestone of ₹10,000 crore in annual net profit, underlining the strength of its business operations and its focus on sustainable growth.
Key Business Milestones
- Total Global Business: More than ₹17.50 lakh crore in Q1 FY27
- Annual Net Profit: More than ₹10,000 crore in FY26
- Customer Touchpoints: Approximately 37,000
- Workforce: More than 52,000 employees
Rajneesh Karnatak Highlights BOI’s Journey Ahead
Speaking on the occasion, Rajneesh Karnatak, Managing Director & Chief Executive Officer, Bank of India, said the Foundation Day was an opportunity to celebrate the institution’s legacy while looking ahead to its next phase of growth.
He highlighted the Bank’s role in India’s development journey and said the next chapter would be built on trust, people, technology and the aspirations of a Viksit Bharat.
Karnatak also reaffirmed the Bank’s commitment to putting customers first and maintaining high standards of integrity and excellence in its operations.
Focus on Customer-Centric Banking and Technology
As Bank of India enters the next phase of its journey, the institution is placing emphasis on evolving customer needs and technology-led banking.
The Bank reiterated its focus on:
- Customer-centric banking
- Technology-led innovation
- Financial inclusion
- Sustainable business growth
- Strengthening stakeholder relationships
- Supporting India’s journey towards Viksit Bharat
The Bank aims to continue adapting its services to changing customer expectations while leveraging technology to improve banking experiences and expand financial access.
BOI Acknowledges Employees, Customers and Stakeholders
The Foundation Day celebrations also recognised the contribution of generations of employees, customers and other stakeholders to the Bank’s journey.
The Bank expressed gratitude to its customers for their continued trust and acknowledged the role played by its former employees, vendors and channel partners.
It also recognised the continued guidance of the Department of Financial Services, Ministry of Finance, Government of India, along with the support of regulators.
Bank of India Reaffirms ‘Relationship Beyond Banking’
Looking ahead, Bank of India reaffirmed its commitment to exceeding stakeholder expectations and strengthening relationships beyond traditional banking services.
The Bank said its future journey will remain rooted in trust and integrity, while being powered by technology and aligned with the aspirations of a developing India.
The Foundation Day celebrations therefore marked not only 121 years of Bank of India’s legacy but also its continued focus on growing with India, evolving with customers and building stronger relationships.
About Bank of India
Bank of India (BOI) is a leading public sector bank in India, established on September 7, 1906. The Bank provides a wide range of banking and financial services through its extensive domestic network and international presence. With thousands of customer touchpoints and more than 52,000 employees, BOI serves individuals, businesses and institutions while supporting financial inclusion and India’s economic development.
Read also: Central Bank of India Promotes Jai Shankar Prasad as General Manager, Customer Care Department
