Mumbai: Bank of India has announced that Mr. Prabodh Parikh has officially assumed office as the Shareholder’s Director of the bank, effective 29th November 2025. His tenure will span three years, concluding on 28th November 2028. This appointment is expected to further strengthen governance, strategic decision-making, and shareholder engagement at the bank.
Appointment Previously Communicated to Stock Exchanges
The appointment of Mr. Parikh was earlier disclosed to the National Stock Exchange (NSE) and BSE Limited (BSE) in October 2025, in line with regulatory compliance under SEBI rules. At that time, his professional profile and experience were shared with the exchanges to provide shareholders and the market with full transparency regarding the new board member.
Strengthening Governance and Strategic Leadership
Mr. Parikh brings extensive professional experience and expertise to Bank of India. The bank’s management believes his leadership will significantly contribute to decision-making, governance practices, and operational efficiency. His role as Shareholder’s Director is also expected to enhance shareholder engagement and provide valuable insights into the bank’s strategic initiatives.
Formal Recording and SEBI Compliance
Following his assumption of office, the appointment has been formally recorded with both the NSE and BSE. This ensures compliance with SEBI regulations related to board composition, disclosures, and corporate governance standards. Such formal recording reinforces transparency and accountability in the bank’s operations.
About Bank of India
Bank of India is a public sector bank in India, headquartered in Mumbai. Established in 1906, it provides a wide range of banking and financial services, including corporate banking, retail banking, and international trade services. As one of India’s leading nationalized banks, it plays a vital role in promoting financial inclusion, supporting businesses, and strengthening the Indian economy.
