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Bank of India
3.8
based on 729 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
3.8/5
based on 729 reviews
On-Par with
industry average
Highly rated for
Job security
Work Policy
Work from office
86% employees reported
Monday to Saturday
39% employees reported
Strict timing
64% employees reported
Within city
39% 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 729 reviews
Overall Rating
3.8/5
How AmbitionBox ratings work?
5
347
4
172
3
99
2
52
1
59
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
3.4
Work satisfaction
Bank of India is rated 3.8 out of 5 stars on AmbitionBox, based on 729 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 652 reviews
3.7
Rated by 144 Women
Rated 4.1 for Job security and 3.6 for Salary
3.9
Rated by 508 Men
Rated 4.2 for Job security and 3.7 for Salary
Work Policy at Bank of India
based on 63 reviews in last 6 months
Work from office
86%
Permanent work from home
8%
Hybrid
6%
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 | 3.8/5 based on 729 reviews | 4.0/5 based on 39k reviews | 3.9/5 based on 40.7k reviews | 3.7/5 based on 26.2k reviews |
Highly Rated for | Job security | Job security Skill development Company culture | Job security Skill development | No highly rated category |
Critically Rated for | No critically rated category | No critically rated category | Promotions | Promotions |
Primary Work Policy | Work from office 86% employees reported | Work from office 91% employees reported | Work from office 84% employees reported | Work from office 79% employees reported |
Rating by Women Employees | 3.7 Good rated by 144 women | 3.9 Good rated by 10.3k women | 3.7 Good rated by 8.6k women | 3.6 Good rated by 5.6k women |
Rating by Men Employees | 3.9 Good rated by 508 men | 4.0 Good rated by 26.9k men | 3.9 Good rated by 30.1k men | 3.8 Good rated by 19.4k men |
Job security | 4.2 Good | 4.1 Good | 4.0 Good | 3.7 Good |
View more
Bank of India Salaries
Bank of India salaries have received with an average score of 3.7 out of 5 by 729 employees.
Chief Manager
(114 salaries)
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₹12.5 L/yr - ₹39.9 L/yr
Credit Manager
(88 salaries)
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₹7 L/yr - ₹21 L/yr
Branch Manager
(80 salaries)
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₹6.5 L/yr - ₹22 L/yr
Banking Officer
(69 salaries)
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₹7.6 L/yr - ₹12 L/yr
Credit Officer
(46 salaries)
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₹6.5 L/yr - ₹14 L/yr
Officer
(42 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
(30 salaries)
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₹4.7 L/yr - ₹12 L/yr
Clerk
(30 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 News
View all
Bank Of India Announces Tie-Up With New India Assurance
- Bank of India has announced a tie-up with The New India Assurance to offer various insurance solutions to its customers.
- Through the partnership, Bank of India's customers will have access to health, motor, personal accident, home, and commercial insurance products offered by New India Assurance.
- Bank of India aims to make insurance more accessible to its customers by utilizing its network of 5,200 branches across the country.
- The partnership is expected to enhance insurance penetration and provide quality service and protection to Bank of India customers.
Bloomberg Quint | 27 Mar, 2025
Bank Of India’s First Dollar Loan In Over A Decade Woos 22 Banks
- Bank of India has raised $400 million via a dollar syndicated loan, its first such deal since 2012.
- The rareness of the deal attracted strong interest, allowing the borrower to increase the size by $100 million.
- The loan was split into three- and five-year tranches and obtained through Bank of India's branch in Gujarat International Finance Tec-City.
- The increasing appeal of Indian assets to global investors and lenders is evident, as economic indicators improve and interest rate cuts are expected.
Bloomberg Quint | 26 Mar, 2025
Bank of India’s first dollar loan in over a decade woos 22 banks
- Bank of India has successfully secured its first dollar loan in over a decade by attracting 22 banks.
- The bank increased the loan size by $100 million through the greenshoe option due to strong interest from lenders.
- The loan, split into three- and five-year tranches, was raised via Bank of India's Gujarat branch in Gujarat International Finance Tec-City.
- This development reflects the increasing appeal of Indian assets to global investors and lenders.
HinduBusinessLine | 26 Mar, 2025
RBI & and Bank of Mauritius sign MoU to promote use of local currencies for bilateral transactions
- The Reserve Bank of India (RBI) and the Bank of Mauritius (BOM) have signed a MoU to promote the use of local currencies - Indian Rupee (INR) and Mauritian Rupee (MUR) for cross-border transactions.
- The MoU covers all current account and permissible capital account transactions, enabling exporters and importers to use their respective domestic currencies for invoicing and payment.
- The use of local currencies aims to optimize costs and settlement time for transactions, ultimately promoting trade between India and Mauritius and strengthening bilateral cooperation.
- This collaboration is expected to deepen financial integration and strengthen the historical, cultural, and economic relations between the two countries.
Banking Frontiers | 19 Mar, 2025
RBI and Bank of Mauritius sign MoU to promote use of local currencies for cross-border trade
- The Reserve Bank of India (RBI) and the Bank of Mauritius (BOM) have signed a Memorandum of Understanding (MoU) to promote the use of local currencies for cross-border trade.
- The MoU facilitates the use of Indian Rupee (INR) and Mauritian Rupee (MUR) in current account transactions and permissible capital account transactions.
- This collaboration is a key milestone in strengthening bilateral cooperation between the RBI and BOM, aiming to promote trade and deepen financial integration between India and Mauritius.
- The use of local currencies will optimize costs and settlement time for transactions, further enhancing the historical, cultural, and economic relations between the two countries.
HinduBusinessLine | 18 Mar, 2025
MTNL Share Price Falls After It Defaults On Payment Obligation To Banks
- Mahanagar Telephone Nigam Ltd.'s share price fell nearly 8% in Monday's session as the company defaulted on principal and interest payments to several banks.
- The total outstanding principal payment is Rs 7,794.34 crore, and the interest amount due is Rs 482.97 crore.
- MTNL defaulted principal and interest payments to Union Bank of India, Bank of India, Punjab National Bank, State Bank of India, UCO Bank, Punjab And Sind Bank, and Indian Overseas Bank.
- Mahanagar Telephone Nigam share price declined 7.94% to Rs 45 apiece.
Bloomberg Quint | 17 Mar, 2025
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
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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. 71% employees rated Bank of India 4 or above, while 29% 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. 71% employees rated Bank of India 4 or above, while 29% 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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