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 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.

The Bank came out with its maiden public issue in 1997 and follow on Qualified
Institutions Placement in February 2008. . 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. 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.

The Bank's association with the capital market goes back to 1921 when it
entered into an agreement with the Bombay Stock Exchange (BSE) to manage the BSE
Clearing House. It is an association that has blossomed into a joint venture with BSE,
called the BOI Shareholding Ltd. to extend depository services to the stock broking
community. Bank of India was the first Indian Bank to open a branch outside the
country, at London, in 1946, and also the first to open a branch in Europe, Paris in
1974. The Bank has sizable presence abroad, with a network of 29 branches (including
five representative office) at key banking and financial centres viz. London, Newyork,
Paris, Tokyo, Hong-Kong and Singapore. The international business accounts for
around 17.82% of Bank's total business.
Mission
to provide superior, proactive banking services to niche markets globally, while
providing cost-effective, responsive services to others in our role as a development
bank, and in so doing, meet the requirements of our stakeholders

Vision
to become the bank of choice for corporates, medium businesses and upmarket retail
customers and to provide cost effective developmental banking for small business,
mass market and rural markets"

INFORMATION TECHNOLOGY
Bank of India has been pioneer in launching key initiatives in areas of Products, Distribution, Technology,
International Operations and Risk Management. Our Bank aims at strengthening customer relations,
diversifying delivery channels, increasing international capabilities and services, and strengthening
revenue streams from diversified sources. Our Bank has redefined banking services with hi-tech services.
The theme of "Relationships beyond Banking" has helped in creating & cementing a niche in the minds
of our clientele.
Branch Automation Bank completes implementation of 100% Core Banking Solution in all its 3023
branches.

Automated Teller Machines (ATMs)

Bank is having its own 487 ATMs (both on-site & off-site). The Bank is member of
Cashtree and BANCS network. The Bank is the Settlement and Nodal Bank for
Cashtree ATM network having 13 member Banks and BANCS network having 14
member banks. The Bank has also entered into bilateral agreement with State
bank of India and its associates. Our Bank has joined National Financial Switch
(NFS) which enables our Customers to access more than 35,000 ATMs across the
country

Solar Power Systems

Solar Power Systems implemented in 147 Rural / Semi urban branches where
there is acute shortage of Power or high load-shedding periods. We plan to
extend in another 100 branches / administrative offices during the year 2009.

Financial Inclusion
IT enabled FINANCIAL INCLUSION SOLUTION has been successfully
implemented in different states of India, viz. Gadab (rural) branch of Raigad
Thane Zone, Puttur in Hyderabad Zone, districts of Lucknow in U.P and Budhni in
Sehore District, Bhopal in M.P.. Expansion of the solution in these centers is in
full-swing.

Teller Cash Dispensers

Installation of Teller Cash Dispensers is in progress at identified branches. It will

reduce wait-time, enhance the productivity of Tellers and also help in accurate
dispensing of Cash.

Star Connect Internet Banking Services

Bank’ customers enjoy the convenience of “secured” Anytime, Anywhere,

Anyhow hassle free Banking from the comfort of their Homes & Offices with a
mouse click. Features like Statement of Account – View, Enquiring status of
cheques, Request for a cheque Book, Transfer of funds including third party
transfer within the networked branches etc.

Interbank Fund Transfer

Online Interbank Fund Transfer made easy and convenient. Now, you can transfer
funds ONLINE across banks, through our StarConnect Internet Banking Services,
using RTGS/ NEFT facility, WITHOUT ANY CHARGES.

Technology Product & Services

BOI Star e-Pay

Customers can register for Auto-pay or on-line payment of various utility services
like Telephone Bills, Electricity Bills, Mobile Bills, Insurance premia, Credit card
Bills and subscription payments to certain magazines, Mutual fund applications
and certain other agencies. The benefits being:-
  No more late payments.
 No more queues.

No more hassles of writing and depositing of cheques.

e-Payment of Direct & Indirect, Central Excise & Service Tax

Tax Payment made Easy. Pay your Direct & Indirect Central Excise, Service Tax,
Custom duties online from the comforts of your office or home, avoiding queues
and last minute rushes

Star e-Share Trade

Bank’s customers are provided with a fast, easy, transparent and hassle-free way
to trade in shares. Customers can invest in shares traded on Stock Exchanges
without visiting or calling the share brokers, track settlement cycles, delivery
instructions for purchases and sales.

RTGS / NEFT

Remittance of funds for inter-bank transactions / customers transactions utilising

the RBI’s RTGS infrastructure through our networked RTGS / NEFT enabled
branches. 2100+ branches are RTGS enabled & 2000+ branches are NEFT
enabled.

Star e-Remit Service

An effective way to transfer money from any bank account in the United States to
anyone in India. The facility can be used for all personal US dollar remittance
from anywhere in USA to India.

DGFT Online e-Payment

A safe, secure and convenient mode of license fee payment to Directorate

General of Foreign Trade, Ministry of Commerce, Government of India, through
the Internet without visiting the Bank.
Online Booking of Indian Airlines Ticket / SpiceJet

Travel Ticket booking made easy. Select your flight, provide necessary details
and pay through Bank of India Internet Banking.

Online Booking of Indian Railway Ticket

Railway Ticket booking made easy. Select your train, provide necessary details
and pay through Bank of India Internet Banking.

Online Application for Education loan

On Line facility available for submission of Education Loan application.

Online Utility Payments

Online facility for payment of Utility bills and other payments viz. MTNL, Reliance
Infocomm, BSNL (select circles), Tata Indicom, Vodafone, Idea, Airtel, MSEB,
Reliance Energy, Mahanagar Gas, Tata Sky, BSES Rajdhani, BSES Yamuna, NDPL
Delhi, VSNL, LIC etc.

SWIFT

Our bank also facilitates services to its customers through SWIFT, thereby
providing a cost-effective financial processing & communication services of
assured quality, integrity, reliability for International funds transfer and other
financial transactions.

STAR CASH MANAGEMENT

A product specifically for corporate customers. It offers fast-track cheque

collections, speedier release of funds and profitable funds management at a
reasonable cost.

ECS (Debit & Credit)

BOI offers its customers a faster and easier method of effecting payments by
direct debit to the customer’s account in case of utility payments, credit card bills
etc. ECS is also a preferred method of credit in respect of dividend warrants,
interest warrants, refund orders, salary pensions etc.

Credit Counselling Service (Abhay)

Bank of India being a major bank in the public sector always endeavours to strike a
viable equilibrium between commercial objectives and social responsibilities. As a
reaffirmation of our commitment to the corporate mission, we in our centenary year,
started credit counseling services at free of cost to the Common People to enable them
to lead a respectable life.

The Credit Counseling services were started under the aegis of the Trust "ABHAY "
which was launched at the hands of His Excellency President of India Dr. A.P.J. Abdul
Kalam at New Delhi on 25th August, 2006. The first center was inaugurated at Mumbai
by Dr. Y.V.Reddy, Governor, Reserve Bank of India on 7th September,2006 which was
followed by Centres at Wardha in Nagpur and Chennai.

The following are the main objectives of the Trust.

• Advising on gaining access to structured financial system including banking

• Creating awareness among the public about financial management

• Counseling people who are struggling to meet the repayment obligations and helping
debt resolution

• Helping in rehabilitation of borrowers in

Friendly and timely guidance coupled with related support extended by the counselors
will not only mitigate the immediate stress of the trapped individuals and their
households, but it will also help to infuse confidence in others who are in distress,
irrespective whether they are customers of Bank of India or other Banks. With the
common objectives of counseling the borrowers, different focus is being given in
metro/urban and rural areas, to meet their different needs
Our endeavour is continuing to be provide more and more social services in the years to
come. The relationship we maintain is beyond banking