Bank of India Mumbai

Last Updated : Feb. 18, 2017, 11:55 a.m.

About Bank of India

At a time when the whole of India was united in its fight against the British rulers, few wise men had some other thoughts running on their mind. Those gentlemen were affluent businessmen from the city of dreams, which many address Mumbai, previously called Bombay, as. It was over hundred years from now that these gentlemen set up Bank of India (BOI) in September 1906. It began its operations with an initial paid-up capital of ₹ 50 lakhs and about 50 employees. After years of vigil in the banking space arrived the moment of pride and joy for Bank of India. It was 1969 when the Government of India by then acquire BOI from the private hands to prepare a solid deck for it to walk through. Ever since it came under government ownership, it started topping the growth ladder and issued its share to public for the first time in 1997. A decade passed by and the Qualified Institutional Placement (QIP) of the bank came in 2008.

What has played into the hands of BOI is its efficiency in preparing custom made products to suit the tastes of various consumers demonstrating varied behavioural traits. In order to become a name of customization, the bank has rolled out products suitable to corporate, retail, NRIs, MSMEs and many more categories of the banking population. With different products, the bank has ensured to acquire new customers and retain the old ones, thereby adding muscle to its growth story.

With a presence of over 5,000 branches across India, BOI has added a lot to its reach among both urban and rural population across the country. From top-tier cities to a remote village, the bank has branches to meet the banking needs of the people. If it has limited its operation to India alone, it would not have been sitting on the towers of success that it enjoys. The bank has capitalized on its expertise to strengthen its presence globally. Today, it runs offices across 22 foreign countries covering the most important financial centres of the world-Singapore, London, New York, Tokyo, etc.

If we do not focus on what presence Bank of India has in Mumbai, where it is headquartered, it’s story won’t complete. So, all the ‘Mumbaikars’ wherever you are, here comes the list of BOI branches that you can look to bank with.

Bank of India Mumbai Branches

Products Offered by Bank of India in Mumbai

You can be greeted with a wonderful mix of banking products at the branches of Bank of India in Mumbai. The experienced professionals are adept to understand your banking needs and provide products that can match your requirements. The products that you want to avail must correspond to your financial goals. For buying a flat in Nariman Point, you can take help of a customized home loan . Similarly, if you are in need of instant cash, a personal loan is readily available for you in Mumbai. Below is a tabular summary of the loan products of BOI. Watch it out.

Basic Details of Bank of India Loans in Mumbai

Documents You Need to Submit While Applying for Bank of India Loans in Mumbai