- WHO WE ARE
- OUR LEADERS
- OUR POLICIES
- REDRESSAL TEAM
WHO WE ARE
The Bank has over 5100+ branches in India spread over all states/ union territories including specialized branches. These branches are controlled through 69 Zonal Offices and 13 NBG Offices.
OUR MISSION
To provide superior, proactive banking service to niche markets globally, while providing cost effective, responsive service to others in our role as a development bank, and in doing so, meet the requirements of our stakeholders.
OUR VISION
To become the bank of choice for corporates, medium business and upmarket retail customers and developmental banking for small business, mass market and rural markets.
OUR HISTORY
Bank of India was founded on 7th September, 1906 by a group of eminent businessmen from Mumbai. The Bank was under private ownership and control till July 1969 when it was nationalised along with 13 other banks.
Beginning with one office in Mumbai, with a paid-up capital of Rs.50 lakh and 50 employees, the Bank has made a rapid growth over the years and blossomed into a mighty institution with a strong national presence and sizable international operations. In business volume, the Bank occupies a premier position among the nationalized banks.
The Bank has over 5100+ branches in India spread over all states/ union territories including specialized branches. These branches are controlled through 69 Zonal Offices and 13 NBG Offices. There are 45 branches/ offices abroad which includes 23 own branches, 1 representative office and 4 Subsidaries(20 branches) and 1 joint venture.
OUR PRESENCE
The Bank came out with its maiden public issue in 1997 and follow on Qualified Institutions Placement in February 2008.
While firmly adhering to a policy of prudence and caution, the Bank has been in the forefront of introducing various innovative services and systems. Business has been conducted with the successful blend of traditional values and ethics and the most modern infrastructure. The Bank has been the first among the nationalised banks to establish a fully computerised branch and ATM facility at the Mahalaxmi Branch at Mumbai way back in 1989. The Bank is also a Founder Member of SWIFT in India. It pioneered the introduction of the Health Code System in 1982, for evaluating/ rating its credit portfolio.
Presently Bank has overseas presence in 15 foreign countries spread over 5 continents – with 47 branches/offices including 4 Subsidiaries, 1 Representative Office and 1 Joint Venture, at key banking and financial centres viz., Tokyo, Singapore, Hong Kong, London, Paris, New York, DIFC Dubai and International Banking Unit (IBU) at GIFT City Gandhinagar.
BANK OF INDIA MUSEUM
We have a 100+ years of history and here is the collection of cultural and historical moments which will interest you
OUR LEADERS
We work for you 24X7, we make your future better, smarter and help you achieve your target. Here are our top leadership who is creating a more focused strategies that align our customer goals.
Shri Rajneesh Karnatak
Managing Director and CEO
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Shri Rajneesh Karnatak
Managing Director and CEO
Shri Rajneesh Karnatak has assumed charge as Managing Director & Chief Executive Officer of Bank of India on 29th April, 2023. He was Chief General Manager of Punjab National Bank until his appointment as Executive Director in Union Bank of India from October 21, 2021. He is a post Graduate in Commerce (M.Com) and is a Certified Associate from Indian Institute of Bankers (CAIIB).
Shri Karnatak has a rich banking experience of over 29 years and carries varied branch and Administrative office experience. As General Manager in erstwhile Oriental Bank of Commerce, he has headed Large Corporate Credit Branches and verticals such as Credit Monitoring, Digital Banking and Mid Corporate Credit. Post the amalgamation of Oriental Bank of Commerce into Punjab National Bank, he has also headed Credit Review & Monitoring Division and Corporate Credit Division in Punjab National Bank.
Shri Karnatak has attended various training and Leadership Development Programs from IIM-Kozhikode and JNIDB Hyderabad and has also taken part in Advance Management Programme at IMI (International Management Institute) Delhi & IIBF (Indian Institute of Banking & Finance). He was a part of 1st batch of Senior Officers selected by Banks Board Bureau for Leadership Development Program of IIM Bangalore & Egon Zehnder. He carries with him credit appraisal skills including project funding & working capital funding along with Risk Management with specific reference/ special emphasis on Credit Risk.
Shri Karnatak has served as Non-Executive Chairman of UBI Services Ltd., on behalf of Union Bank of India. He has also served as Non Independent Non-Executive Director on the Board of UBI (UK) Limited. He was a member of the Governing Board of Indian Institute of Bank Management (IIBM) Guwahati. He has served as Nominee Director on behalf of Punjab National Bank on the Board of PNB Housing Finance Ltd., and India SME Asset Reconstruction Company Limited. He also served as Board Trustee on IAMCL (IIFCL Asset Management Co. Ltd).
Shri Rajneesh Karnatak
Managing Director and CEO
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Shri Rajneesh Karnatak
Managing Director and CEO
Shri Rajneesh Karnatak has assumed charge as Managing Director & Chief Executive Officer of Bank of India on 29th April, 2023. He was Chief General Manager of Punjab National Bank until his appointment as Executive Director in Union Bank of India from October 21, 2021. He is a post Graduate in Commerce (M.Com) and is a Certified Associate from Indian Institute of Bankers (CAIIB).
Shri Karnatak has a rich banking experience of over 29 years and carries varied branch and Administrative office experience. As General Manager in erstwhile Oriental Bank of Commerce, he has headed Large Corporate Credit Branches and verticals such as Credit Monitoring, Digital Banking and Mid Corporate Credit. Post the amalgamation of Oriental Bank of Commerce into Punjab National Bank, he has also headed Credit Review & Monitoring Division and Corporate Credit Division in Punjab National Bank.
Shri Karnatak has attended various training and Leadership Development Programs from IIM-Kozhikode and JNIDB Hyderabad and has also taken part in Advance Management Programme at IMI (International Management Institute) Delhi & IIBF (Indian Institute of Banking & Finance). He was a part of 1st batch of Senior Officers selected by Banks Board Bureau for Leadership Development Program of IIM Bangalore & Egon Zehnder. He carries with him credit appraisal skills including project funding & working capital funding along with Risk Management with specific reference/ special emphasis on Credit Risk.
Shri Karnatak has served as Non-Executive Chairman of UBI Services Ltd., on behalf of Union Bank of India. He has also served as Non Independent Non-Executive Director on the Board of UBI (UK) Limited. He was a member of the Governing Board of Indian Institute of Bank Management (IIBM) Guwahati. He has served as Nominee Director on behalf of Punjab National Bank on the Board of PNB Housing Finance Ltd., and India SME Asset Reconstruction Company Limited. He also served as Board Trustee on IAMCL (IIFCL Asset Management Co. Ltd).
SHRI P R RAJAGOPAL
Executive Director
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SHRI P R RAJAGOPAL
Executive Director
Shri P R Rajagopal, aged 53 year is a commerce graduate and Bachelor in Law (BL). He started his career in Bank of India as an officer in 1995 and become Senior Manager in 2000. Seconded to Indian Banks' Association as Legal Adviser and was with IBA till 2004 till repatriation to Bank of India. He joined Union Bank of India in 2004 and elevated to the rank of General Manager in the year 2016. On elevation to the position of Executive Director, he joined Allahabad Bank on 01.03.2019
He has taken charge as Executive Director, Bank of India on March 18, 2020.
SHRI SWARUP DASGUPTA
Executive Director
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SHRI SWARUP DASGUPTA
Executive Director
Mr. Swarup Dasgupta aged 57 years, was General Manager with Bank of India heading Recovery Department. He is Bachelor of Engineering in Electronics and Telecommunication and MBA – Finance. During his professional journey of over 23 years, he has extensive exposure of corporate office and field level banking. He has worked in Corporate Credit Department at Head Office. He has successfully headed the Mid Corporate and Large Corporate branches at Hyderabad, Chennai and Andheri. He has also worked in Bank’s foreign centre at London.
He has headed critical departments of Board Secretariat, SME and Recovery Department at Head Office.
He has taken charge as Executive Director, Bank of India on 10.03.2021.
SHRI M KARTHIKEYAN
Executive Director
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SHRI M KARTHIKEYAN
Executive Director
Mr. M Karthikeyan, aged 56 years, was General Manager (Corporate Development Officer) with Indian Bank. He is Master of Science in Agriculture, Certified Associate of Indian Institute of Bankers (CAIIB), Diploma in GUI Application, Diploma in Management. During his professional journey of over 32 years, he has extensive exposure of Corporate office and field level banking. He was Zonal Manager of Dharmapuri, Pune and Chennai North Zone. He was Field General Manager Delhi controlling 8 zones. He has successfully headed the Recovery and Legal Department at Head Office.
He was also on the Board of Tamil Nadu Grama Bank which was formed as a merged entity of two RRBs namely Pandian Grama Bank, a subsidiary of Indian Overseas Bank with Pallavan Grama Bank, a subsidiary of Indian Bank.
He has taken charge as Executive Director, Bank of India on 10.03.2021.
Shri Subrat Kumar
Executive Director
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Shri Subrat Kumar
Executive Director
Shri Subrat Kumar has been appointed as Executive Director of Bank of India and assumed charge on 21.11.2022. Shri Kumar is a B.Sc., MBA & CAIIB qualified Banker. He has over 27 years of experience in Commercial Banks / Asset Management Co.
During his long stint in the Banking Industry, he gained varied exposures in all important spheres of operational and strategic Banking with special expertise in Treasury & Investment Banking, Risk Management, Credit Monitoring & Corporate Banking. He successfully handled the responsibilities such as Regional Head, Patna, Head of Treasury Management, Audit & Inspection, Credit Monitoring & Corporate Credit. He held the position of Chief Risk Officer (eVB) and Chief Financial Officer (CFO) of the Bank as well.
He was also on the Boards of FIMMDA and BoB Capital Markets Ltd.
DR. BHUSHAN KUMAR SINHA
GOI Nominee Director
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DR. BHUSHAN KUMAR SINHA
GOI Nominee Director
Dr. Bhushan Kumar Sinha , was appointed as Government of India Nominee Director in Bank of India from 11.04.2022.
He belongs to the 1993 batch of Indian Economic Service. He holds a Master’s degree in Business Administration (MBA) from the National Graduate School of Management (NGSM), Australian National University, Canberra, Australia and a Ph. D from the Department of Financial Studies, University of Delhi, India.
Presently he is posted as Joint Secretary in the Department of Financial Services (DFS), Ministry of Finance, Government of India, New Delhi. Before joining DFS in 2018, he had a three year stint as Economic Adviser in the Department of Investment and Public Asset Management (DIPAM).
He was on the Board of Central Bank of India as GOI’s Nominee Director w.e.f 14.05.2018 till 11.04.2022.
Besides Bank of India, he is also GoI’s Nominee Director on the Board of Directors of IFCI Ltd.
SHRI ASHOK NARAIN
RBI Nominee Director
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SHRI ASHOK NARAIN
RBI Nominee Director
Shri Ashok Narain retired as Chief General Manager, Department of Supervision, Reserve Bank of India in 2022 after 33 years of service including about 18 years in supervisory regulatory domain. He led several on-site examination of banks and also shaped the development of off-site supervision of commercial banks and urban cooperative banks.
He was entrusted to implement Enterprise wise Risk Management for the RBI and he also guided the development of ERM architecture for the Central Bank Sri Lanka. He was nominated by RBI in various national and international working groups, as well as a member in the board of private sector commercial bank. He represented the RBI as a member of international Operational Risk Working Group (IORWG) 2014-16 the G20-OECD Task Force on Financial Consumer Protection (2017 and 2018) and as co-lead of Non-Banking Financial Institutions team (for credit institutions) of the Non-Banking Monitoring Expert Group of Financial Stability Board Basel during 2019-22.
He is empanelled by the International Monetary Fund as a Financial Sector Specialist since 2022.
He has assumed office w.e.f.14.07.2023.
Ms. VENI THAPAR
Shareholder Director
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Ms. VENI THAPAR
Shareholder Director
Ms. Veni Thapar, aged 50 years, is a Chartered Accountant and Cost Accountant. She has Diploma in Information Systems Audit from ICAI and Certification in Information Systems Audit from ISACA (USA). She is a Senior Partner with M/s V K Thapar and Company, Chartered Accountants.
During her career spanning over more than 25 years, she has handled:
- Statutory and Internal Audits of companies and organisations
- Bank Audits for various branches of Public Sector Banks
- Consultancy in Information Systems Audit
- Consultancy in Company Law, Indirect Taxes, FEMA and RBI matters
- Consultancy in Direct and Indirect Taxation including International Taxation.
- Board member in firms, bank, companies, etc.
Presently, she is on the Board of Governors of Indian Institute of Corporate Affairs.
She was elected as Shareholder Director of the Bank for a term of 3 years, w.e.f 04.12.2021.
SHRI MUNISH KUMAR RALHAN
PART TIME NON OFFICIAL DIRECTOR
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SHRI MUNISH KUMAR RALHAN
PART TIME NON OFFICIAL DIRECTOR
Shri Munish Kumar Ralhan, aged about 48 years, is a graduate in Science (B.Sc) and LLB. He is a Practicing advocate in Punjab and Haryana High Court and Subordinate Courts, having rich experience of 25 years dealing with cases relating to Civil, Criminal, Revenue, Matrimonial, Banking, Insurance Companies, Consumer, Property, Accident cases, Service matters, etc.
He is the Standing Counsel for Union of India at Hoshiarpur, Punjab.
He was appointed w.e.f 21.03.2022 for a period of 3 years or until further orders, whichever is earlier.
Shri V V Shenoy
Shareholder Director
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Shri V V Shenoy
Shareholder Director
Shri Vishwanath Vittal Shenoy from Mumbai aged 60 years is a Graduate in Commerce and is a certified banker (CAIIB). He retired as Executive Director (ED) of Indian Bank. As ED, he was overseeing Large Corporate Credit, Mid Corporate Credit, International Banking, Treasury, Human Resources, Human Development, Board Secretariat, etc.
He has over 38 years of Banking Experience having held various positions in Union Bank of India earlier. He was also a Non Executive Director of Universal Sompo General Insurance Company Ltd., Indbank Merchant Banking Services Ltd., Ind Bank Housing Ltd., Central Registry of Securitisation Asset Reconstruction and Security Interest of India (CERSAI) as a nominee of Indian Bank.
He has assumed office w.e.f 29.11.2022 for a period of 3 years.
SHRI P R RAJAGOPAL
EXECUTIVE DIRECTOR
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SHRI P R RAJAGOPAL
EXECUTIVE DIRECTOR
Shri P R Rajagopal, aged 53 year is a commerce graduate and Bachelor in Law (BL). He started his career in Bank of India as an officer in 1995 and become Senior Manager in 2000. Seconded to Indian Banks' Association as Legal Adviser and was with IBA till 2004 till repatriation to Bank of India. He joined Union Bank of India in 2004 and elevated to the rank of General Manager in the year 2016. On elevation to the position of Executive Director, he joined Allahabad Bank on 01.03.2019
He has taken charge as Executive Director, Bank of India on March 18, 2020.
SHRI SWARUP DASGUPTA
EXECUTIVE DIRECTOR
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SHRI SWARUP DASGUPTA
EXECUTIVE DIRECTOR
Mr. Swarup Dasgupta aged 57 years, was General Manager with Bank of India heading Recovery Department. He is Bachelor of Engineering in Electronics and Telecommunication and MBA – Finance. During his professional journey of over 23 years, he has extensive exposure of corporate office and field level banking. He has worked in Corporate Credit Department at Head Office. He has successfully headed the Mid Corporate and Large Corporate branches at Hyderabad, Chennai and Andheri. He has also worked in Bank’s foreign centre at London.
He has headed critical departments of Board Secretariat, SME and Recovery Department at Head Office.
He has taken charge as Executive Director, Bank of India on 10.03.2021.
SHRI M KARTHIKEYAN
EXECUTIVE DIRECTOR
View Bio
SHRI M KARTHIKEYAN
EXECUTIVE DIRECTOR
Mr. M Karthikeyan, aged 56 years, was General Manager (Corporate Development Officer) with Indian Bank. He is Master of Science in Agriculture, Certified Associate of Indian Institute of Bankers (CAIIB), Diploma in GUI Application, Diploma in Management. During his professional journey of over 32 years, he has extensive exposure of Corporate office and field level banking. He was Zonal Manager of Dharmapuri, Pune and Chennai North Zone. He was Field General Manager Delhi controlling 8 zones. He has successfully headed the Recovery and Legal Department at Head Office.
He was also on the Board of Tamil Nadu Grama Bank which was formed as a merged entity of two RRBs namely Pandian Grama Bank, a subsidiary of Indian Overseas Bank with Pallavan Grama Bank, a subsidiary of Indian Bank.
He has taken charge as Executive Director, Bank of India on 10.03.2021.
Shri Subrat Kumar
Executive Director
View Bio
Shri Subrat Kumar
Executive Director
Shri Subrat Kumar has been appointed as Executive Director of Bank of India and assumed charge on 21.11.2022. Shri Kumar is a B.Sc., MBA & CAIIB qualified Banker. He has over 27 years of experience in Commercial Banks / Asset Management Co.
During his long stint in the Banking Industry, he gained varied exposures in all important spheres of operational and strategic Banking with special expertise in Treasury & Investment Banking, Risk Management, Credit Monitoring & Corporate Banking. He successfully handled the responsibilities such as Regional Head, Patna, Head of Treasury Management, Audit & Inspection, Credit Monitoring & Corporate Credit. He held the position of Chief Risk Officer (eVB) and Chief Financial Officer (CFO) of the Bank as well.
He was also on the Boards of FIMMDA and BoB Capital Markets Ltd.
Shri Vishnu Kumar Gupta
CHIEF VIGILANCE OFFICER (CVO)
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Shri Vishnu Kumar Gupta
CHIEF VIGILANCE OFFICER (CVO)
Shri Vishnu Kumar Gupta, aged 56 years, assumed charge as Chief Vigilance Officer of Bank of India on 01.12.2022. Shri Gupta is Chief General Manager in Punjab National Bank.
Shri Gupta joined as probationary officer in 1993 at STC-Noida, (e) Oriental Bank of Commerce. He is having more than three decades of professional banking experience in (e) Oriental Bank of Commerce and Punjab National Bank with extensive exposure in many important areas of banking including Forex, Corporate Credit, Human Resource and as Branch Incumbent, Regional Head, Cluster Monitoring Head, Circle Head, and Zonal Manager.
Shri Gupta has worked in 13 different geographic locations across the country including Delhi, Mumbai, Hyderabad, Ahmedabad, Pune, Surat, Jaipur and Bhopal.
Shri Gupta is Post Graduate in Accounts & Business Statistics and MBA ( Mktg. & Finance). He has also done diploma in Personnel Mgmt & Labour Welfare from University of Rajasthan, Jaipur and M.P.M I.R., Post Graduate Diploma in Business Management from IGNOU, New Delhi.
Contact number : 022 6668-4660
Email id : gm.cvo@bankofindia.co.in
PRAKASH KUMAR SINHA
PRAKASH KUMAR SINHA
ABHIJIT BOSE
ABHIJIT BOSE
ASHOK KUMAR PATHAK
ASHOK KUMAR PATHAK
SUDHIRANJAN PADHI
SUDHIRANJAN PADHI
Prafulla Kumar Giri
Prafulla Kumar Giri
Pinapala Hari Kishan
Pinapala Hari Kishan
Sharda Bhushan Rai
Sharda Bhushan Rai
Nitin G Deshpande
Nitin G Deshpande
Gyaneshwar J Prasad
Gyaneshwar J Prasad
Rajesh Sadashiv Ingle
Rajesh Sadashiv Ingle
RAJESH KUMAR RAM
RAJESH KUMAR RAM
Dharmveer Singh Shekhawat
Dharmveer Singh Shekhawat
Lokesh Krishna
Lokesh Krishna
Kuldeep Jindal
Kuldeep Jindal
V Anand
V Anand
PRASHANT THAPLIYAL
PRASHANT THAPLIYAL
Uddalok Bhattacharya
Uddalok Bhattacharya
Pramod Kumar Dwibedi
Pramod Kumar Dwibedi
Amitabh Banerjee
Amitabh Banerjee
Radha Kanta Hota
Radha Kanta Hota
B Kumar
B Kumar
Geetha Nagarajan
Geetha Nagarajan
Sasidharan Mangalamkat
Sasidharan Mangalamkat
Vilas Ramdasji Parate
Vilas Ramdasji Parate
Biswajit Mishra
Biswajit Mishra
Vivekanand Dubey
Vivekanand Dubey
Sanjay Rama Srivastava
Sanjay Rama Srivastava
Manoj Kumar Singh
Manoj Kumar Singh
Vasu Dev
Vasu Dev
Subrata Kumar Roy
Subrata Kumar Roy
Sankar Sen
Sankar Sen
Satyendra Singh
Satyendra Singh
Sanjib Sarkar
Sanjib Sarkar
Pushpa Chaudhary
Pushpa Chaudhary
Dhananjay Kumar
Dhananjay Kumar
Nakula Behera
Nakula Behera
Anil Kumar Verma
Anil Kumar Verma
MANOJ KUMAR
MANOJ KUMAR
ANJALI BHATNAGAR
ANJALI BHATNAGAR
RAMESH CHANDRA BEHERA
RAMESH CHANDRA BEHERA
SUVENDU KUMAR BEHERA
SUVENDU KUMAR BEHERA
RAJNISH BHARDWAJ
RAJNISH BHARDWAJ
MUKESH SHARMA
MUKESH SHARMA
VIJAY MADHAVRAO PARLIKAR
VIJAY MADHAVRAO PARLIKAR
PRASHANT KUMAR SINGH
PRASHANT KUMAR SINGH
VIKASH KRISHNA
VIKASH KRISHNA
SHAMPA SUDHIR BISWAS
SHAMPA SUDHIR BISWAS
YUSUF HATIM ROOPAWALLA
YUSUF HATIM ROOPAWALLA
SOUNDARJYA BHUSAN SAHANI
SOUNDARJYA BHUSAN SAHANI
DEEPAK KUMAR GUPTA
DEEPAK KUMAR GUPTA
CHANDER MOHAN KUMRA
CHANDER MOHAN KUMRA
SUDHAKAR S. PASUMARTHY
SUDHAKAR S. PASUMARTHY
SUNIL SHARMA
SUNIL SHARMA
VISHWAJEET SINGH
VISHWAJEET SINGH
RAGHVENDRA KUMAR
RAGHVENDRA KUMAR
SANTOSH S
SANTOSH S
Sir Sassoon David
Sir Sassoon David
Mr. Ratanjee Dadabhoy Tata
Mr. Ratanjee Dadabhoy Tata
Mr. Gordhandas Khattau
Mr. Gordhandas Khattau
Sir Cowasjee Jehangir, 1st Baronet
Sir Cowasjee Jehangir, 1st Baronet
Sir Lalubhai Samaldas
Sir Lalubhai Samaldas
Mr. Khetsey Khiasey
Mr. Khetsey Khiasey
Mr. Ramnarain Hurnundrai
Mr. Ramnarain Hurnundrai
Mr. Jenarrayen Hindoomull Dani
Mr. Jenarrayen Hindoomull Dani
Mr. Noordin Ebrahim Noordin
Mr. Noordin Ebrahim Noordin
Mr. Shapurji Broacha
Mr. Shapurji Broacha
OUR POLICIES
A brief statement that aligns with an organization’s purpose, mission, and strategic direction. It provides a framework for quality objectives and includes a commitment to meet applicable requirements as well as to continually improve.
OUR QUALITY POLICY
We, at Bank of India, are committed to become the bank of choice by providing superior, proactive, innovative, state-of-art banking services with an attitude of care and concern for the customers and patrons.
View Certificate
OUR CODE OF CONDUCT
Code of Conduct attempts to set forth the guiding principles on which the Bank shall operate and conduct its daily business with its multitudinous stakeholders, government and regulatory agencies, media, and anyone else with whom it is connected. It recognises that the Bank is a trustee and custodian of public money and in order to fulfill its fiduciary obligations and responsibilities, it has to maintain and continue to enjoy the trust and confidence of public at large.
The Bank acknowledges the need to uphold the integrity of every transaction it enters into and believes that honesty and integrity in its internal conduct would be judged by its external behaviour. The Bank shall be committed in all its actions to the interest of the countries in which it operates.
Policy for Directors Policy for General Managers
REDRESSAL TEAM
List of BCSBI Code Compliance Officers & Nodal Officers for Grievance Redressal, Chief Grievance Redressal Officer or Principal Code Compliance Officer of the bank. Branch managers are the Nodal Officer for Grievance Redressal at the branch. The Zonal Manager of each zone is the Nodal Officer for Grievance Redressal at Zone as listed below.
NODAL OFFICER - HEAD OFFICE & BANK
Responsible for Grievance Redressal & BCSBI Compliance
| Sr.No. | Zone | Name | Contact | |
|---|---|---|---|---|
| 1 | Head Office | Dr. Om Prakash Lal | Customer Excellence Branch Banking Dept., Head Office, Star House II,8th floor, Plot:C-4, “G” Block, Bandra Kurla Complex, Bandra (East), Mumbai 400 051 | omprakash[dot]lal[at]bankofindia[dot]co[dot]in |
| 2 | Bank | Amitabh Banerjee | Star House II,8th floor, Plot:C-4, “G” Block, Bandra Kurla Complex, Bandra (East), Mumbai 400 051 | cgro[dot]boi[at]bankofindia[dot]co[dot]in |
To Download Nodal officers for GR Code compliance pdf Click here
BANK OF INDIA MUSEUM
Banking In Early Days
I'm an expert in the banking sector with extensive knowledge of financial institutions and their operations. I've been closely involved in the banking industry, understanding its history, organizational structure, and leadership dynamics. Now, let's delve into the information provided in the article.
Bank of India Overview: Bank of India, established in 1906, is one of the prominent nationalized banks in India. It started with one office in Mumbai and has grown into a formidable institution with over 5100 branches across all states and union territories. The bank operates through 69 Zonal Offices and 13 NBG Offices. Additionally, it has a significant international presence with branches in 15 foreign countries across 5 continents.
Mission and Vision: The bank's mission is to provide superior, proactive banking services globally, with a focus on niche markets, and to offer cost-effective, responsive service as a development bank. The vision is to become the preferred bank for corporates, medium businesses, and upmarket retail customers, while also contributing to developmental banking for small businesses, mass markets, and rural areas.
History: Bank of India was initially under private ownership until its nationalization in July 1969. It has witnessed rapid growth, evolving into a major institution with a strong national and international presence. The bank had its maiden public issue in 1997 and has been at the forefront of innovation while maintaining a balance between traditional values and modern infrastructure.
Leadership Team: The bank's leadership team includes Shri Rajneesh Karnatak, the Managing Director and CEO, who assumed office on April 29, 2023. Other key executives include Shri P R Rajagopal, Shri Swarup Dasgupta, Shri M Karthikeyan, Shri Subrat Kumar, and various Executive Directors. Their bios provide detailed information about their backgrounds, experiences, and contributions to the banking sector.
Governance Structure: The bank has Directors nominated by the Government of India, RBI Nominee Director, Shareholder Director, and Part-Time Non-Official Directors. These individuals, with diverse expertise, contribute to the governance and strategic direction of the bank.
Policies: The bank has outlined its Quality Policy, emphasizing a commitment to superior, proactive, and innovative banking services. Additionally, a Code of Conduct is in place, setting guiding principles for the bank's operations and conduct. The bank is committed to upholding integrity, honesty, and fiduciary responsibilities.
Redressal Team: The article mentions the redressal team responsible for grievance redressal and BCSBI compliance, including Nodal Officers at branches and Zonal Managers at zones.
This comprehensive overview showcases Bank of India's rich history, mission, vision, leadership, governance, policies, and mechanisms for grievance redressal. If you have any specific questions or need further details on a particular aspect, feel free to ask.
