Hello,
Today I want to talk about Bank of India, BOI was founded on 7 September 1906 by a group of eminent businessmen from Mumbai, Maharashtra, India. The Bank was under private ownership and control till July 1969 when it was nationalised along with 13 other banks.The bank has 4, 963 branches in India spread over all states/ union territories including specialised branches. These branches are controlled through 54 Zonal Offices. There are 60 branches/ offices and 5 Subsidiaries and 1 joint venture abroad.The promoters incorporated the Bank of India on 7 September 1906 under Act VI of 1882, with an authorised capital of ₹10 million ( US$150, 000) divided into 100, 000 shares each of ₹100 ( US$1.50) . The promoters placed 55, 000 shares privately, and issued 45, 000 to the public by way of IPO on 3 October 1906; the bank commenced operations on 1 November 1906. If you find this useful please click like an smile. Thank you