Bank of India celebrated its 114th Foundation Day on 7th Sept, 2019. In this journey, Bank of India has been marked with many firsts in the Indian Banking sector. Bank of India has presence across the nation with a total of 5090 branches as of June 30, 2019 and the bank also has 25 overseas branches.
To mark the 114th Foundation Day, all employees have taken a pledge to conserve water and Bank is undertaking the CSR activity for water conservation for the current year. On the occasion, the Bank felicitated Shri Popat Rao Pawar for his contribution for water conservation and Smt Sindhu Tai Sapkal for her contribution towards upbringing of under privileged / orphan children.
New products were launched in the retail and digital segments. In the recent past, Bank of India introduced Repo rate Linked Interest Rate for Retail Loans like Home Loan, Vehicle Loan & Personal Loan. Also, Bank of India becomes the first bank to launch UPI QR based Cash withdrawal on its ATMs, Chatbot Application BOI Star E-Voice Assistant BOI SEVA, a virtual digital and voice assistant, MEGH TARA, an own private cloud of BOI, and Retail Online Loan web Application to meet customer demands for Online loan applications and document uploading facility are some of the new products to be introduced shortly.
In the last one year, Bank of India also received many awards and accolades. In the India Banking Summit & Awards 2019, Bank of India ranked as Best Public Sector Bank 2019 by Synnex Group along with Bank of India has also won the Trusted Brand Award in the Banks category, as awarded by the Reader’s Digest Trusted Brand, 2019.
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