Bank of India (BOI) playing a Great role for the nation

Vinod Chandrashekhar Dixit
Bank of India (BOI) is celebrating its 117th Foundation day on 7th September. BOI’s name is now a household name and synonymous with growth, development and efficiency. BoI is poised for a great leap in future. Bank of India is one of the most customer friendly banks. It is today stronger, bigger, more vibrant and confident bank. Several structural changes were introduced in Bank of India to strengthen the recovery mechanism and to strengthen the credit mechanism. BoI is working on strengthening its processes on a quarter-on-quarter basis and is focusing on asset composition, quality and capital maximization which is more important than growing business.Customers acquisition and introduction of new projects, campaigns and products as well as services have given a new impetus. Bank of India, true to its size, is a significant contributor to the Indian economy and is playing an inclusive role with sizeable lending to retail, agriculture and MSME sectors. It is also playing a key role in financing corporates, infrastructure and other core sectors.
The bank has the best of technology and best of capabilities. It has several firsts to its name and has always been in the forefront for bring about new concepts and changes in the Indian banking scenario. There is no doubt that BOI continues to have a commanding presence in the nation’s corporate-industrial realm. It is observed that amongst all banks BOI remains one of the front runners in the commitment and implementation of financial inclusion initiatives. The bank has been rated as 2nd most trusted brands, under PSU banking category & ranked 8th in the list of Top 50 Service Brands by The Economics Times. The bank has been continuously receiving number of awards since 2008. BOI is a bank that believes in nation building, ethics & integrity, value for customers, pride for its employees, profitable growth and contributing to society
Even during the most challenging times of PCA regime, BOI had registered grown at around 12 per cent on domestic front. Mission Samadhan had played a vital role in reducing the net NPA as it has helped a lot in dealing with big as well as ARC accounts. BoI is working on strengthening its processes on a quarter-on-quarter basis and is focusing on asset composition, quality and capital maximization which is more important than growing business.
Bank of India’s name is now a household name and synonymous with growth, development and efficiency. The bank has the best of technology and best of capabilities. It has several firsts to its name and has always been in the forefront for bring about new concepts and changes in the Indian banking scenario. There is no doubt that BOI continues to have a commanding presence in the nation’s corporate-industrial realm.
BOI is a bank that believes in nation building, ethics & integrity, value for customers, pride for its employees, profitable growth and contributing to society.BOI has been built on very sound principles with a unique culture, enriched by successive generations.
The huge force of BOI has the capacity to walk an Extra Mile and put in extra efforts by “Working More” and “Working Better” and will come out with decent figures in March 2023. BOI being placed continuously amongst the most trusted branch in the banking industry reveals the trust of its customers in the bank.
Lastly, I would like to quote the words of Edwin C. Bliss “Success doesn’t mean the absence of failures, it means the attainment of ultimate objectives. It means winning the war, not every battle.”