Bank of India

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 rapid growth over 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 nationalised banks. the bank has 3101 branches in india spread over all states/ union territories including 141 specialised branches. these branches are controlled through 48 zonal offices . there are 29 branches/ offices (including three representative offices) abroad.total number of shareholders as on 30/09/2009 is 2,15,790. while firmly adhering to a policy of prudence and caution, the bank has been in the forefront of introducing various innovative services and systems