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बैंक ऑफ इंडिया > कंपनी इतिहास > Banks - Public Sector > कंपनी इतिहास का बैंक ऑफ इंडिया - बीएसई: 532149, NSE: BANKINDIA

बैंक ऑफ इंडिया

बीएसई: 532149  |  NSE: BANKINDIA  |  ISIN: INE084A01016  |  Banks - Public Sector

कंपनी इतिहास - बैंक ऑफ इंडिया
1969
 
 - The Bank was brought into existence by an Ordinance issued on 19th
 July by the Central Government.  In terms of the Ordinance, the
 Undertaking of `The Bank of India Ltd.' was transferred to and
 vested
 in the new bank.  The Ordinance was replaced by the Banking
 Companies
 (Acquisition and Transfer of Undertakings) Act, 1969.
 
 1970
 
 - The Acquisition and Transfer of Undertakings Act was declared null
 and valid by the Supreme Court on 10th February.  An ordinance was
 thereupon promulgated which was later replaced by the Banking
 Companies
 (Acquisition and Transfer of Undertakings) Act, 1970 which was made
 effective restrospectively from 19th July, 1969.
 
 - Under the `Lead Bank Scheme' the Bank was allotted 30 districts in
 5
 states - 9 in Maharashtra, 9 in Madhya Pradesh, 2 in Orissa, 4 in
 Bihar
 and 6 in U.P.
 
 1985
 
 - Rs 43 crores capital contributed by Government.
 
 1986
 
 - Rs 27 crores capital contributed by Government.
 
 1988
 
 - Rs 35 crores capital contributed by Government.
 
 1989
 
 - The Bank of India Finance Ltd. was incorporated in June as a
 subsidiary of Bank of India to extend a complete package of
 professional financial services to the corporate sector, including
 merchant banking, leasing and investment banking.
 
 - Rs 140 crores capital contributed by Government.
 
 1990
 
 - BOI Mutual Fund was estabished, to provide direct services to
 investors by pooling their resources and investing in capital market
 securities.
 
 - Rs 100 crores capital contributed by Government.
 
 1991
 
 - Rs 110 crores capital contributed by Government.
 
 1993
 
 - Rs 6357 crore capital contributed by Government.
 
 1994
 
 - A new subsidiary of the bank was formed to manage the investment
 operations of BOI Mutual Fund.  It received Certificate of
 Commencement
 of Business on 21st February.
 
 - Rs 848.38 crores capital contributed by Government.
 
 1995
 
 - In terms of Ministry of Finance the accumulated loss of Rs 1369.91
 crores adjusted against paid-up capital.
 
 1996
 
 - Rs 93.47 crores returned to Government as a part of capital
 restructuring.  1500,00,000 equity shares (prem. of Rs 35 per share)
 issued to public through prospectus.
 
 1997
 
 - The BOIFIN was associated with 12 issues as Lead
 Managers/Co-Manager/Arranger.
 
 - The Company became Depository Participate of National Securities
 Depository Ltd., for the purpose of clearing and settlement of
 trades
 in the dematerialised segment of BSE.
 
 1998
 
 - As on 31st March, the Bank had sponsered 16 Regional Rural Banks
 with
 capital of 5.60 crores and a total branch network of 992 in five
 states.
 
 - Bank of India has been awarded the Gem & Jewellery Export
 Promotion
 Council Award.
 
 - Bank of India (BOI) has set up a full fledged risk management
 department at its corporate office.  The bank has already integrated
 its money market and forex operations to set up global treasury
 which
 will be better equipped to manage the types of risks arising from
 capital recent convertibility.
 
 - Four Banks - State Bank of India (SBI), Bank of India (BoI),
 Oriental
 Bank of Commerce (OBC) and Hongkong Bank - have introduced term
 deposits with a minimum maturity of 15 days.
 
 - Bank of India (BoI) has tied up with Equifax Venture Infotek Ltd
 (EVI) to automate its credit card operations to provide electronic
 solutions to its customers.  EVI is a 50:50 joint venture between
 the
 US-based Equifax Inc and Venture Infotek.  According to the
 agreement,
 BoI would provide point-of-sale (POS) terminals at its leading card
 acceptance establishments all over the country.
 
 - Mr. A.M. Ahmadi, former Chief Justice of India, on Monday
 presented
 the Bank of India Excellence Awards to five personalities in the
 fields
 of finance, literature, management, music and arts and media.
 
 - The public sector Bank of India has launched the BOI Navy Card
 with
 MasterCard International on the occasion of Navy Day.
 
 1999
 
 - The Mumbai Stock Exchange (BSE) and the Bank of India (BoI) have
 set
 up an internal working committee to review the working of the BoI
 Shareholding and also make it a `self sustaining unit'.
 
 - The public sector, Bank of India (BoI), is currently on an
 exercise
 of restructuring its subsidiaries.  As a part of the restructuring,
 the
 bank will be taking stock of the viability of the subsidiaries and
 try
 to turn them around.
 
 - BoI will enter the insurance partnership with a foreign insurance
 company.
 
 2000
 
 - Bank of India has introduced floating interest rate on deposits
 for
 select customers, besides advancing on Mumbai Inter Bank Offer Rate
 (MIBOR).
 
 - Bank of India (BoI) has unveiled major business initiatives like
 the
 introduction of a centralised banking system, floating deposit
 schemes
 and cash management services.
 
 - Bank of India (BoI) plans to introduce a centralised banking
 programme which will facilitate anytime and anywhere banking for its
 customers.
 
 - Bank of India and Andhra Bank have become the first public sector
 banks to receive an in-principle approval to dilute government
 shareholding in them to 33 per cent through mobilisation of fresh
 capital via a public issue.
 
 - The Bank has offered a special deposit scheme for investors in BoI
 Mutual Fund's Double Square Plus (1990) Scheme, which would be
 redeemed
 on September 1.
 
 - Bank of India has revised its FCNR, NRE and NRNR deposit rate
 effective from 11th September.
 
 - Bank of India has hiked the rates on foreign currency non-resident
 Indian (FCNR) account effective 2nd October.
 
 - Venugopalan, general manager, Bank of India (BoI) has been
 appointed
 as the new executive director of Union Bank of India (UBI).
 
 - Mr. Onkar Nath Singh has been named executive director of Bank of
 India for a period of five years.
 
 - The Bank has joined Central Depository Services as depository
 participant.
 
 - Bank of India will close down its merchant banking arm, BoI
 Finance.
 
 2001
 
 - State-Run Bank of India has suspended bullion trading in Ahmedabad
 after being hit by a payment crisis involving a troubled cooperative
 bank.
 
 -Bank of India has passed a resolution to return Rs 300 crore
 capital
 to the government. Chairman K V Krishnamurthy said the depressed
 share
 value has been a matter of concern to the management.
 
 - Bank of India (BoI) has finalised a comprehensive human resource
 development (HRD) package for its employees.  The scheme is believed
 to
 provide impetus to banks business growth and will cost the bank
 around
 Rs 30 lakh per annum.
 
 - Bank of India (BoI) has reported a 63 per cent rise in net profit
 at
 Rs 135.16 crore in the second-quarter ended September 30, 2001.
 
 - Bank of India proposes to convert its fully-owned subsidiary in
 Kenya
 into a full-fledged bank. The two existing BoI branches in Kenya
 will
 also be merged into the entity.  According to Mr S.A. Bhat, General
 Manager, International, BoI.
 
 - Bank of India has informed that Shri S.R. Sengupta and Shri A.B.
 Telang have relinquished their office from Directorship of the Bank
 with effect from January 01, 2002.  This is pursuant to their
 attaining
 age of superannuation.
 
 2002
 
 - Bank of India on March 30th returned Rs 150 crore capital to the
 government, bringing down its capital base from Rs 639 crore to Rs
 489
 crore.
 
 -Bank of India has informed  that it has decided to exit from the
 Mutual Fund Business and therefore the remaining two current Mutual
 Fund Schemes have been sold to Taurus Mutual Fund.
 
 -Deveshwar Kumar nominated by GOI as non official Director of BOI.
 
 -Bank of India has informed BSE that the Government of India has
 nominated Mr Deepak Prabhakar Patil as a Workmen Employee Director on
 the Board of Directors of Bank of India for a period of three years
 with effect from August 29, 2002 and thereafter until his successor
 is appointed or till he ceases to be an Workman Employee of the Bank
 of India.
 
 -Bank of India has informed that the following four persons who have
 polled the majority votes have been elected as Directors in the EGM
 held on October 10, 2002.Mr Sadagopan Sowmyanarayanan,Mr Sheth
 Tarun,Mr Shastri Girish Ramanugrah,Mr Chandra Bhagwantrao Govindrao
 
 -Extends its Multi-Branch Banking (MBB) facility to all its branches
 in Mumbai
 
 -Enters film financing sector, becomes the first commercial bank to
 enter the sector
 
 -High Court at Mumbai sanctions amalgamation of BOI Finance Pvt. Ltd.
 (100% subsidiary) with Bank of India (BOI)
 
 -Slashes interest rates on FCNR deposits by 20-35 basis points (bp)
 
 -Ties up with ICICI Bank to utilise wide branch network covering
 1,000 branches for ICICI Bank's cash management services
 
 -Prunes the number of training centres from 14 to 5
 
 -Becomes the bank with third highest Non Performing Assets (NPA)
 
 -Reduces deposit rates by 40 to 75 basis points
 
 -Decides to merge BOI Asset Management Co. Ltd. (BOIAMC), a wholly
 owned subsidiary, with the Bank
 
 -IBA gives its nod for second phase of BoI VRS
 
 -Reduces Prime Lending Rate (PLR), deposit rates by 50 basis points
 
 -Changes the maturity buckets for interest rates on domestic as well
 as non-resident external rupee (NRE) term deposits
 
 -Slashes deposit rates across all maturities
 
 -Appoints Deloitte Touche Tohmatsu India Pvt Ltd. as a special
 recovery agent for recovery of NPAs
 
 -Slashes interest rate on Euro-denominated FCNR deposits
 
 2003
 
 -Introduces mobile ATM in Mumbai
 
 -Slashes the rate of interest on FCNR US dollar and euro deposits by
 10-25 basis points across maturitie effective January 4
 
 -Approves insurance referral business at Hong Kong Centre
 
 -Enters into a tie-up with leading information technology players CMC
 Ltd. and Infrasoft Technologies to extend its multi-branch banking
 (MBB) facility to another 450 branches in 21 cities
 
 -High Court approves Scheme of Amalgamation of BOI AMC with Bank of
 India
 
 -Four state-owned banks (Bank of India (BoI), Indian Bank, Syndicate
 Bank and United Bank of India) enter into an agreement to share their
 respectime ATM (automated teller machine) networks
 
 -Government clears Bank of India's (BoI) proposal to settle Rs 137
 crore outstanding with Ketan Parekh
 
 -Introduces 'Starlinks' global debit card in partnership with Visa
 International and India Switch Company
 
 -Finance Ministry, RBI approve compromise formula for bank's due
 recovery from stock broker Ketan Parekh
 
 -Networks 275 out of 2541 branches at a cost of Rs 14 crore
 
 -Launches its first off-site ATM in Sathy Main Road in Coimbatore on
 September 11
 
 -The bank has  taken possession of a tea factory in Coonoor under the
 Securitisation and Reconstruction of Financial Assets and Enforcement
 of Security Interest (SARFAESI) Act, 2002.
 
 -Bank of India divested Silverline's 45 lakh shares at Rs 8
 
 -Revises interest rates on domestic term deposits with effect from
 Dec 1
 
 -The Company has tied up with insurers for Bankassurance products -
 both life insurance and general insurance. The bank launched some of
 the products on December 09, said it had tied up with ICICI
 Prudential Life Insurance Company and National Insurance Company.
 
 -Bank of India ties up with ICICI prudential
 
 2004
 
 -Board approves increase in Tier II Capital by issue of subordinated
 bonds
 
 -Bank of India & Canara Bank acquire 4% in Mercator Lines Ltd.
 
 -Bank Of India has informed that the Govt of India vide its
 notification dated January 09, 2004 has nominated Mr. V S Das, Chief
 General Manager-in-charge, Department of Government and Bank
 Accounts, RBI as Director on the Board of the Bank w.e.f. January 09,
 2004 in place of Mr. M P Kothari, Regional Director, RBI.
 
 -BoI signs tractor finance agreement with L&T-John Deere
 
 -Launches IPO financing, becomes the first public sector bank to do
 so
 
 -Revises interest rates on its FCNR deposits in dollar and euro
 currencies
 
 -Launches Star IPO, a demand loan for investors interested in
 subscribing to initial public offerings (IPO) approved by the bank
 
 -Bank of India (BoI) has raised Rs 200 crore by way of issuing Tier
 II subordinated bonds.
 
 -BoI inks pact with Escort Tractors
 
 -BoI inks pact with Punjab Tractors
 
 -Bank of India opens first off-site ATM in Tiruchi
 
 -Bank of India introduces new Kisan Samadhan card
 
 -BoI ties up with Greaves Cotton
 
 2005
 
 - Bank of India (BoI) enters collaboration with ACIL-Navasarjan Rural
 Development Foundation (ANARDE), a non-government organisation (NGO)
 to increase rural penetration and boost lending to the agriculture
 sector.
 
 - Launches an international gold credit card in association with Visa
 International on January 5, 2005
 
 -BoI unveils new 'Star Diamond Saving Account'
 
 -Bank of India appoints Shri M Balachandran as Chairman & Managing
 Director (CMD) up to April 30, 2007
 
 -BOI signs MoU with LG to finance consumer durables
 
 -Bank of India teams up with Nabard arm for agri projects
 
 -Bank of India ties up with ICICI Prudential Life Insurance to
 provide cover to housing loan borrowers against risk of death during
 the loan tenure.
 
 -Bank of India and Banco Popolare Di Verona E Novara signed a
 Memorandum of Understanding (MoU) for supporting their respective
 customers doing business in each other's countries.
 
 2006
 
 -BoI inks MoU with Exim Bank
 
 -BoI join hands with Andhra Bank to set up Dai-ichi Mutual
 
 -Change of address: the Company Secretary Bank of India Share
 Department, 8th Floor, Star House, C - 5, G. Block, Bandra Kurla
 Complex, Bandra (East), Mumbai - 400 051.
 
 -BoI joins hand with SIDBI to train jewellers
 
 
 2007
 
 - Bank of India has appointed Shri. A D Parulkar as Executive
 Director of the Bank.
 
 2008
 
 -Bank of India has informed that the Government of India, Ministry of
 Finance, Department of Financial Services vide its Notification has
 nominated Shri. Amit Kumar Motayed as Officer Employee Director in
 place of Shri. V Eswaran for a period upto January 31, 2011 from the
 date of notification or until he ceases to be an officer of the Bank
 of India or until further orders, whichever is the earliest.
 
 - Bank of India has appointed Shri. B A Prabhakar as Executive
 Director of the Bank. He has taken over charge on October 15, 2008.
 
 -BoI launches debt waiver scheme
 
 -Bank of India on July 23 opened the first branch of its Tanzanian
 subsidiary, BoI Tanzania at Dar-es-Salaam.
 
 
 2009
 
 - Alok K. Misra was appointed as Chairman and Managing Director
 succeeding T. S. Narayanasami of Bank of India by the centre. He was
 the CMD of Oriental Bank of Commerce till now.
 
 - Bank of India has informed that the Government of India, Ministry
 of Finance, Department of Financial Services vide their Notification
 dated August 05, 2009 has appointed Shri. Alok Kumar Mishra as
 Chairman and Managing Director of the Bank. He has taken over charge
 on August 05, 2009.
 
 -BoI launches new home loan plan for new borrowers
 
 -Bank of India has signed a memorandum of understanding with Tata
 Motors to provide financing for Tata's entire range of commercial
 vehicles.
 
 2010
 -BoI opens branch at Shirdi
 -Bank of India to enter MF biz again
 -Bank of India ties up with Karvy
 -Bank of India brings in Mckinsey for revamp, growth road map
 -Bank of India launched mobile-based remittance facility through
 business correspondents.
 
 2011
 -Bank of India to join hands with AXA Investment Managers in the
 Asset Management business in India
 -Issues Benchmark USD750m Reg. S Dual Tranche Bond
 -BOI sign MoU to encourage   Micro Small and Medium enterprises
 (MSMEs)
 -Bank of India becomes 1st Indian bank to offer trade settlement in
 Chinese yuan
 
 2012
 -Bank of India  Establising a 100% subsidiary in Uganda namely Bank
 of India (Uganda) Ltd .
 -acquisition of 51% of the equity stake of Bharti AXA investment
 Managers Private Limited and Bharti AXA Trusteeship Services Private
 Limited.
 
 2013
 -Bank of India ties up with Aegis for customer relationship
 management
 -Bank of India - Board recommends Dividend of 100 % i.e. Rs. 10/- per
 share on the face value of Rs. 10/- each to shareholders.
 
 2014
 -Bank of India - Board recommends Dividend of Rs. 5/- per share (i.e.
 50%) to shareholders.
 
 
 
 
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