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Answer» What is Bank of India mean? Bank of India (BOI) is an Indian nationalised bank. It is under the ownership of Ministry of Finance, Government of India with headquarters in Bandra Kurla Complex, Mumbai. Founded in 1906, it has been government-owned since nationalisation in 1969. BoI is a founder member of SWIFT (Society for Worldwide Inter Bank Financial Telecommunications), which facilitates provision of cost-effective financial processing and communication services. As on 31 March 2021, Bank of India's total business stands at ₹1,037,549 crore (US$140 billion), has 5,108 branches and 5,551 ATMs across the world (including 24 overseas branches). reference
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