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Bank of India
3.9
based on 723 Reviews
Company Overview
Company Locations
Working at Bank of India
Company Summary
Overall Rating
3.9/5
based on 723 reviews
62% above
industry average
Highly rated for
Job Security, Salary & Benefits
Work Policy
Work from office
87% employees reported
Monday to Saturday
39% employees reported
Strict timing
64% employees reported
Within city
38% employees reported
View detailed work policy
Top Employees Benefits
Job/Soft skill training
60 employees reported
Health insurance
47 employees reported
Office cab/shuttle
25 employees reported
Professional degree assistance
21 employees reported
View all benefits
About Bank of India
Founded in1906 (118 yrs old)
India Employee Count50k-1 Lakh
Global Employee Count--
India HeadquartersMumbai, Maharashtra, India
Office Locations
Websitebankofindia.co.in
Primary Industry
Other Industries
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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 over 5000 branches in India spread over all states/ union territories including specialized branches. These branches are controlled through 54 Zonal Offices and 8 NBG Offices. There are 60 branches/ offices and 5 Subsidaries and 1 joint venture abroad.
Mission: To provide superior, proactive banking service to niche markets globally, while providing cost effective, respective, responsive service to others in our role as a development bank, and in doing so, meet the requirement of our stakeholders.
Vision: To Become The Bank of choice for Corporates, Medium Business And Upmarket Retail Customers And Developmental Banking For Small Business, Mass Market And Rural Markets.
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Bank of India Ratings
based on 723 reviews
Overall Rating
3.9/5
How AmbitionBox ratings work?
5
358
4
166
3
92
2
53
1
54
Category Ratings
4.3
Job Security
3.8
Salary & Benefits
3.7
Promotions/Appraisal
3.6
Company Culture
3.6
Skill Development
3.5
Work-Life Balance
3.5
Work Satisfaction
Bank of India is rated 3.9 out of 5 stars on AmbitionBox, based on 723 company reviews.This rating reflects an average employee experience, indicating moderate satisfaction with the company’s work culture, benefits, and career growth opportunities. AmbitionBox gathers authentic employee reviews and ratings, making it a trusted platform for job seekers and employees in India.
Read more
Gender Based Ratings at Bank of India
based on 644 reviews
3.9
Rated by 138 Women
Rated 4.3 for Job Security and 3.9 for Career Growth
4.0
Rated by 506 Men
Rated 4.3 for Job Security and 3.7 for Salary & Benefits
Work Policy at Bank of India
based on 43 reviews in last 6 months
Work from office
87%
Permanent work from home
9%
Hybrid
4%
Bank of India Reviews
Top mentions in Bank of India Reviews
+ 5 more
Compare Bank of India with Similar Companies
Change Company | Change Company | Change Company | ||
|---|---|---|---|---|
Overall Rating | 3.9/5 based on 723 reviews | 4.0/5 based on 36.6k reviews | 3.9/5 based on 37.4k reviews | 3.8/5 based on 3.7k reviews |
Highly Rated for | Job Security Salary & Benefits | Job Security Skill development Company culture | Job Security Skill development | Job Security Salary & Benefits |
Critically Rated for | No critically rated category | No critically rated category | Promotion/Appraisals | Work-Life balance |
Primary Work Policy | Work from office 87% employees reported | Work from office 92% employees reported | Work from office 85% employees reported | Work from office 86% employees reported |
Rating by Women Employees | 3.9 Good rated by 138 women | 3.9 Good rated by 9.6k women | 3.7 Good rated by 7.7k women | 3.8 Good rated by 765 women |
Rating by Men Employees | 4.0 Good rated by 506 men | 4.0 Good rated by 25.2k men | 3.9 Good rated by 27.8k men | 3.8 Good rated by 2.5k men |
Job Security | 4.3 Good | 4.1 Good | 4.0 Good | 4.1 Good |
View more
Bank of India Salaries
3.8
rated by 723 employees for salariesChief Manager
(153 salaries)
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₹11.1 L/yr - ₹45 L/yr
Credit Manager
(87 salaries)
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₹6 L/yr - ₹18 L/yr
Branch Manager
(78 salaries)
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₹6.5 L/yr - ₹22 L/yr
Credit Officer
(64 salaries)
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₹4.8 L/yr - ₹13.5 L/yr
Banking Officer
(62 salaries)
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₹6.3 L/yr - ₹12 L/yr
Clerk
(39 salaries)
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₹0.6 L/yr - ₹6.9 L/yr
Officer
(39 salaries)
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₹4 L/yr - ₹11 L/yr
Senior Branch Manager
(37 salaries)
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₹10 L/yr - ₹25 L/yr
Marketing Officer
(31 salaries)
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₹4.7 L/yr - ₹12 L/yr
Senior Manager Credit
(29 salaries)
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₹11 L/yr - ₹25 L/yr
Bank of India Interview Questions
Interview questions by designation
Top Bank of India interview questions and answers
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Interview Process at Bank of India
based on 8 interviews in last 1 year
Interview Experience
4.6
Excellent
Difficulty level
Easy
16%
Moderate
67%
Hard
17%
People are getting interviews through
based on 29 Bank of India interviews
Company Website
28%
Job Portal
24%
Walkin
14%
Campus Placement
10%
*24% candidates got the interview through other sources
High confidence
Bank of India News
View all
45 stocks enter the F&O list from today
- 45 stocks have entered the F&O list from today.
- The new entrants will be available for trading in the F&O segment from November 29.
- Stocks with higher lot sizes included Yes Bank, IRB Infrastructure, NHPC, Bank of India, SJVN, and HFCL.
- SEBI has revised eligibility criteria for stocks in the derivatives segment to ensure high-quality stocks with sufficient market are allowed to trade.
HinduBusinessLine | 29 Nov, 2024
Bank Of India Raises Rs 5,000 Crore Via Infra Bond At 7.41% Coupon
- Bank of India raised Rs 5,000 crore through the issue of 10-year infrastructure bond at a coupon of 7.41%.
- The issue, which had a base size of Rs 2,000 crore and a greenshoe option of Rs 3,000 crore, was fully subscribed.
- This is the bank's second tranche of 10-year infrastructure bonds in the current financial year, which are rated AA+ by CARE Ratings.
- In July, the bank had raised Rs 5,000 crore through 10-year infra bonds at a coupon of 7.54%, which was fully subscribed.
Bloomberg Quint | 27 Nov, 2024
Bank Of India Looks To Raise Up To Rs 5,000 Crore Via Infra Bonds Next Week
- Bank of India plans to raise up to Rs 5,000 crore through the issue of 10-year infrastructure bonds.
- This is the bank's second batch of 10-year infrastructure bonds in the current financial year.
- The issue is likely to have a base size of Rs 2,000 crore and a greenshoe option of Rs 3,000 crore.
- The bonds, rated AA+ by CARE Ratings, are expected to be issued at a rate of 7.34-7.38%.
Bloomberg Quint | 22 Nov, 2024
Delegation from Hong Kong-based APLMA visits GIFT City
- Delegation led by APLMA CEO James Hogan visited Bank of India's International Banking Unit (IBU) at GIFT City.
- Discussions focused on strengthening partnerships and exploring growth opportunities in the syndicated loan market.
- APLMA proposed the setting up of an APLMA chapter for the IFSC, aiming to enhance collaboration and provide benefits to banks in IFSC GIFT City.
- The visit included meetings with IFSCA Chairperson K Rajaraman and representatives from leading banks.
HinduBusinessLine | 20 Nov, 2024
Bank Of India: MTNL Defaulted On Rs 1,094 Crore Loans
- Mahanagar Telecom Nigam Ltd. added Rs 1,094 crore worth slippages into Bank of India's July-September quarter results.
- Bank of India's cumulative slippages during the quarter rose to Rs 2,546 crore.
- MTNL has been consistently defaulting on its debt obligations over the last few months.
- Banks are in talks with the company's management for a resolution plan.
Bloomberg Quint | 12 Nov, 2024
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Bank of India reports 63% jump in Q2FY25 net profit at ₹2,374 crore
- Bank of India reports a 63% jump in Q2FY25 net profit at ₹2,374 crore.
- Net interest income increased by 4% year-on-year to ₹5,986 crore.
- Other income, including fee-based income, treasury income, and recovery in written-off account, rose by 49% year-on-year to ₹2,518 crore.
- Gross Non-Performing Assets (NPAs) improved to 4.41% of gross advances in September 2024 from 5.84% in September 2023.
HinduBusinessLine | 12 Nov, 2024
Bank Of India Q2 Results: Profit Up 63% To Rs 2,374 Crore
- Bank of India reported a 63% jump in net profit to Rs 2,374 crore for Q2 2024.
- Total income increased to Rs 19,872 crore in the July-September quarter.
- Net interest income (NII) increased by 4% to Rs 5,986 crore.
- Net non-performing assets declined by 29% from Rs 7,978 crore to Rs 5,649 crore.
Bloomberg Quint | 11 Nov, 2024
Macroeconomic Data, Q2 Earnings, FIIs Trading Activity To Guide Markets This Week: Analysts
- A host of macroeconomic data announcements, the last batch of September quarter earnings, global trends, and trading activity of foreign investors will be the major driving factors for the equity market this week.
- India is set to release CPI and IIP data on Nov. 12, with WPI data expected on Nov. 14. The US inflation report on Nov. 13 will also be critical.
- Bank of India, BEML, Hindalco Industries, ONGC, Apollo Tyres, and Brainbees Solutions are among the companies announcing their quarterly earnings this week.
- FIIs activity, the performance of US bond yields, and the dollar index will be pivotal for the Indian equity market in the near term.
Bloomberg Quint | 10 Nov, 2024
Stocks that will see action today: October 30, 2024
- Oil marketing companies hike commission to petrol pump dealers but no change in retail prices
- Sky Gold raises Rs 270 crore capital from Kotak Mahindra Life Insurance, Motilal Oswal MF, and Bank of India Mutual Fund
- HDFC Standard Life Insurance acquires shares of PNB Housing Finance worth Rs 90 crore
- CCI approves Fortis Healthcare's proposal to acquire an additional stake in Agilus Diagnostics
HinduBusinessLine | 30 Oct, 2024
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