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Re: Bank Of India History Pdf
In India the 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. As per provided detail by bank of India the Bank has 4963 branches in India spread over all states/ union territories including specialized branches. These branches are controlled through 54 Zonal Offices. There are 60 branches/ offices and 5 Subsidiaries and 1 joint venture abroad. The Bank came out with its maiden public issue in 1997 and follow on Qualified Institutions Placement in February 2008. 1985 Rs 43 crores capital contributed by Government. 1986 Rs 27 crores capital contributed by Government. 1988 Rs 35 crores capital contributed by Government. Bank of India history: (Image) Contribution of foreign branches in the global business of the Bank as at 30.06.2015 is as under: Deposits 25.95% Advances 28.97% Business Mix 27.27% Data of 94 banks in India failed between 1913 and 1918 as indicated in the following table Years Number of banks that failed Authorised Capital(₹ Lakhs) Paid-up Capital(₹ Lakhs) 1913 12 274 35 1914 42 710 109 1915 11 56 5 1916 13 231 4 1917 9 76 25 1918 7 209 1 |
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