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Bank of India
3.9
based on 747 Reviews
Video summary
Company Overview
Company Locations
Working at Bank of India
Company Summary
A nationalized bank providing a range of financial services with extensive domestic and international operations.
Overall Rating
3.9/5
based on 747 reviews
3% above
industry average
Highly rated for
Job security
Work Policy
Work from office
84% 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
46 employees reported
Office cab/shuttle
24 employees reported
Professional degree assistance
21 employees reported
View all benefits
About Bank of India
Founded in1906 (119 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 747 reviews
Overall Rating
3.9/5
How AmbitionBox ratings work?
5
366
4
173
3
96
2
54
1
58
Category Ratings
4.2
Job security
3.7
Salary
3.6
Promotions
3.5
Company culture
3.5
Work-life balance
3.5
Skill development
3.5
Work satisfaction
Bank of India is rated 3.9 out of 5 stars on AmbitionBox, based on 747 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 668 reviews
3.8
Rated by 145 Women
Rated 4.2 for Job security and 3.7 for Salary
3.9
Rated by 523 Men
Rated 4.2 for Job security and 3.7 for Salary
Work Policy at Bank of India
based on 48 reviews in last 6 months
Work from office
84%
Permanent work from home
8%
Hybrid
8%
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 747 reviews | 4.0/5 based on 38.2k reviews | 3.9/5 based on 39.7k reviews | 3.8/5 based on 3.9k reviews |
Highly Rated for | Job security | Job security Skill development Company culture | Job security Skill development | Job security Salary |
Critically Rated for | No critically rated category | No critically rated category | Promotions | No critically rated category |
Primary Work Policy | Work from office 84% employees reported | Work from office 91% employees reported | Work from office 84% employees reported | Work from office 81% employees reported |
Rating by Women Employees | 3.8 Good rated by 145 women | 3.9 Good rated by 10.1k women | 3.7 Good rated by 8.3k women | 3.8 Good rated by 825 women |
Rating by Men Employees | 3.9 Good rated by 523 men | 4.0 Good rated by 26.4k men | 3.9 Good rated by 29.4k men | 3.8 Good rated by 2.7k men |
Job security | 4.2 Good | 4.1 Good | 4.0 Good | 4.1 Good |
View more
Bank of India Salaries
Bank of India salaries have received with an average score of 3.7 out of 5 by 747 employees.
Chief Manager
(159 salaries)
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₹11.4 L/yr - ₹36.9 L/yr
Credit Manager
(81 salaries)
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₹7 L/yr - ₹21 L/yr
Branch Manager
(78 salaries)
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₹6.5 L/yr - ₹22 L/yr
Credit Officer
(72 salaries)
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₹5 L/yr - ₹14 L/yr
Banking Officer
(62 salaries)
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₹6.8 L/yr - ₹12.1 L/yr
Officer
(38 salaries)
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₹4 L/yr - ₹11 L/yr
Senior Branch Manager
(35 salaries)
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₹10 L/yr - ₹25 L/yr
Marketing Officer
(34 salaries)
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₹4.7 L/yr - ₹12 L/yr
Clerk
(28 salaries)
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₹0.6 L/yr - ₹8 L/yr
Senior Manager Credit
(28 salaries)
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₹11 L/yr - ₹25 L/yr
Bank of India Interview Questions
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Bank of India News
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PSB stocks will attract investors, despite volatile markets
- Over the next year or so, the equity markets are expected to be awash with stocks of public sector banks as the government plans to offload shares or the banks may raise capital.
- The government holds a significant stake in banks such as Bank of India, UCO Bank, Bank of Maharashtra, Indian Overseas Bank, and Punjab & Sind Bank.
- The Department of Investment and Public Asset Management (DIPAM) has invited applications from investment bankers to advise on selling stakes in banks and financial institutions.
- Public sector banks need growth capital as deposit growth lags behind credit growth, with savers opting for alternative investment avenues.
HinduBusinessLine | 27 Feb, 2025
Floating rate retail loans get cheaper
- Banks including State Bank of India, Punjab National Bank, Bank of Baroda, Union Bank of India, and Bank of India have reduced their external benchmark lending rates (EBLRs) by the same percentage as the repo rate cut.
- This reduction in lending rates could lead to a decrease in equated monthly installment (EMI) for borrowers and is expected to incite fierce competition among banks to attract business.
- For example, SBI has lowered its EBLR and its Repo Linked Lending Rate (RLLR) from their previous values to new, lower rates.
- While transmission of the repo rate cut to lending rates is smooth, deposit rates are not expected to change due to liquidity constraints and increased yields on corporate bonds.
HinduBusinessLine | 17 Feb, 2025
Bank of India mops up ₹2,690 crore via 10-year infra bonds at 7.50%
- Bank of India has raised ₹2,690 crore through 10-year infra bonds at 7.50%.
- The base issue size was ₹1,500 crore with a green shoe option of ₹3,500 crore.
- The bank received 94 bids amounting to ₹8,845 crore, 5.90 times the base issue size.
- The proceeds from the bond issuance will be used for funding long-term projects in infrastructure sub-sectors and affordable housing.
HinduBusinessLine | 15 Feb, 2025
Zaggle Shares Up 5% After BOI Enlists It For User Management
- Zaggle Prepaid Ocean Services Limited's shares jumped almost 5% to INR 380.95 apiece during the intraday trading session on the BSE.
- Bank of India has empanelled Zaggle for user onboarding and management services, as per the regulatory filing.
- The term of the empanelment agreement is two years, starting from February 11.
- Zaggle's net profit in Q3 FY25 increased by 30% to INR 19.74 Cr, while the revenue from operations surged 69% to INR 336.89 Cr.
Inc42 | 13 Feb, 2025
Adani Ports Share Price Target 2025, 2026 to 2030
- Adani Ports and Special Economic Zone Limited is a privately-owned leading port operator in India established by Gautam Adani in 1998.
- Adani Ports' share price targets for 2025 and beyond are explored in this article, as well as important factors that could impact the company's future performance.
- According to projections, Adani Ports' share price will have a maximum target of Rs 2783.65 and a minimum target of Rs 1656.78 during 2025.
- The high target for Adani Ports' share price ranges between Rs 2645.90 and Rs 7,050.60 for the year 2026 to 2030.
- Adani Ports faced a sharp decline as a result of the Hindenburg Report, but it rebounded as the Adani Group stabilized.
- Furthermore, positive financial results and buy ratings from expert companies such as Motilal Oswal suggest a promising outlook for Adani Ports stock.
- Adani Ports SEZ Ltd shareholding pattern breaks down as follows: Promoters at 65.89%, FII at 14.71%, DII at 8.37%, Retail & Others at 7.55%, and Mutual Funds at 3.48%.
- Adani Ports' competitors are GMR Airports, IRB Infra and RITES.
- Stock market predictions are subject to fluctuations and can change unexpectedly, therefore expert advice is recommended before investing. Please contact us via email for additional inquiries about the stock market.
- Some other companies share price targets for the year 2025, 2026, and 2030 are Poonawalla Fincorp, Zodiac Energy, Eicher Motors, Cupid, Delhivery, Bank Of India, Adani Green, and HAL.
VIE Stories | 11 Feb, 2025
MP HC orders full compensation for wrongfully retired employee
- The Madhya Pradesh High Court has ruled that an employee who was compulsorily retired in violation of rules and later reinstated must receive full wages and benefits for the period he was out of service.
- Narmada Prasad Chaudhary, an employee of the Bank of India, joined the bank in 1974 and was prematurely retired in 2002. However, the High Court ruled in Chaudhary's favor, and he was reinstated in 2009.
- Despite his reinstatement, the bank did not consider the period of wrongful retirement when calculating Chaudhary's post-retirement benefits, leading him to take the matter back to the high court.
- The division bench of the High Court upheld the earlier ruling and ordered the bank to pay Chaudhary his wages, fitment promotion, and all other benefits for the period he was out of service along with eight percent interest.
HRKatha | 5 Feb, 2025
Bank Of India Share Price Target 2025, 2026 to 2030
- Bank of India's share prices may continue to grow in the future with the increasing demand for shares.
- Bank of India Share Price Target for 2025 starts at Rs. 202.15 in January, staying steady throughout the year.
- For Bank of India Share Price Target in 2026, the rate stays stable, with a prediction of Rs. 218.71 in January, reaching Rs. 217.15 in December.
- Bank of India's competitors include Axis Bank, HDFC, ICICI Bank, Bandhan Bank, and State Bank of India.
- Bank of India Ltd's Shareholding pattern consists of promoters holding 73.4%, mutual funds at 4.3%, foreign institutions at 4.3%, and other domestic institutions at 19%.
- The Bank of India Share Price Prediction for 2025 is 278.69. And, for 2030, it is 305.80.
- Bank of India is a banking company that was listed on the stock exchanges not too long ago. Currently, the share prices have grown, but investors should do thorough research before investing.
- Stock market predictions are unpredictable. Expert advice and verifying the information from other sources are recommended.
- Other companies' share price targets include Paytm, Apollo Micro Systems, PNB, and BEL.
- Investors looking for long-term investment options may explore the possibility of acquiring the stock of BOI.
VIE Stories | 1 Feb, 2025
Bank of India’s Q3FY25 net profit up 35%
- Bank of India reports a 35% increase in net profit in Q3FY25.
- Net interest income rises by 11% year-on-year to ₹6,070 crore.
- Other income, including fee-based income, treasury income, and recovery in written-off accounts, increases by 46% y-o-y to ₹1,747 crore.
- Gross non-performing assets (NPAs) improve to 3.69% of gross advances.
HinduBusinessLine | 24 Jan, 2025
Stocks that will see action: January 24, 2025
- Patanjali Foods directed to recall batch of red chilli powder by FSSAI.
- NHPC forms joint venture with APGENCO for renewable energy projects.
- Bank of India approves fund raising of ₹5,000 crore through infrastructure bonds.
- IDBI Bank re-appoints Rakesh Sharma as MD and CEO.
HinduBusinessLine | 24 Jan, 2025
Bank Of India To Hold Roadshows For $400 Million Loan In Singapore, Taipei
- Bank of India plans to raise up to $400 million through a syndicated loan.
- The bank will be holding roadshows in Singapore and Taipei for the loan.
- CTBC Bank and Standard Chartered Bank are the lead arrangers for the loan.
- This is Bank of India's first dollar syndicated loan since 2012.
Bloomberg Quint | 16 Jan, 2025
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Bank of India FAQs
When was Bank of India founded?
Bank of India was founded in 1906. The company has been operating for 119 years primarily in the Banking sector.
Where is the Bank of India headquarters located?
Bank of India is headquartered in Mumbai, Maharashtra. It operates in 11 cities such as Mumbai, Kolkata, Hyderabad / Secunderabad, Bangalore / Bengaluru, Navi Mumbai. To explore all the office locations, visit Bank of India locations.
How many employees does Bank of India have in India?
Bank of India currently has more than 52,000+ employees in India. BFSI, Investments & Trading department appears to have the highest employee count in Bank of India based on the number of reviews submitted on AmbitionBox.
Does Bank of India have good work-life balance?
Bank of India has a Work-Life Balance Rating of 3.5 out of 5 based on 700+ employee reviews on AmbitionBox. 72% employees rated Bank of India 4 or above, while 28% employees rated it 3 or below on work-life balance. This indicates that the majority of employees feel a generally balanced work-life experience, with some opportunities for improvement based on the feedback. We encourage you to read Bank of India work-life balance reviews for more details
Is Bank of India good for career growth?
Career growth at Bank of India is rated fairly well, with a promotions and appraisal rating of 3.6. 72% employees rated Bank of India 4 or above, while 28% employees rated it 3 or below on promotions/appraisal. Though the sentiment is mixed for career growth, majority employees have rated it positively. We recommend reading Bank of India promotions/appraisals reviews for more detailed insights.
What are the pros of working in Bank of India?
Working at Bank of India offers several advantages that make it an appealing place for employees. The company is highly rated for job security, based on 700+ employee reviews on AmbitionBox.
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