Bank of India Celebrates 115th
Foundation Day
·
Launches International and contactless
‘Signature
VISA Debit Card’
·
Inaugurates new buildings of Rural
Self Employment Training Institutes (RSETI)
·
Provides financial assistance to
underprivileged patients at KEM Hospital, Mumbai
·
Felicitates frontline COVID Warriors
of BMC
Bank of India,
one of India’s largest public-sector banks on the occasion of its 115th
Foundation Day on September 7, 2020, decided to salute the saviours
of Nation. With a Pan India presence spread across 55 zones and over 5,000
branches, the bank now has close to 50,000 employees along with a strong
overseas presence.
The Bank
celebrated its 115th Foundation Day with simplicity as a mark of
respect for the staff members and the public who are suffering from the current
pandemic. On this occasion,the bank launched a Signature Visa Debit Card. This is an International Contactless
Debit Card, which will be made available in Metal and Plastic Variant. This Card
will cater to the affluent/high net worth individuals maintaining an average
quarterly balance of Rs. 10 lakhs and above. This card will have a spending limit
of up to Rs. 5 lakhs on POS&E-commerce and Rs.1 lakh on ATM. Other features
include Complimentary lounge access(2 per quarter) and offer on Travel,
Retail, Dining, Lifestyle, Entertainment, Luxury Hotels, Reward points for online
usage, etc. It will also provide Insurance against fraudulent transactions.
The MD & CEO
virtually inaugurated new buildings of Rural
Self Employment Training Institutes (RSETI)atBarabanki, Lucknow and
Giridih. The bank emphasized the need for maximization of credit linkage
through RSETI’s for achieving the goal
of Atmanirbhar Bharat.
Speaking on this
auspicious occasion Shri A.K. Das, Managing
Director & CEO of Bank of India said, “We feel proud to be one of the
oldest and largest Public Sector Banks in the country. On the occasion of our
115th Foundation Day, we like to express our gratitude towards each and every
one of the frontline COVID 19 warriors, frontline workers from the healthcare &
law enforcement agencies, employees of all the banking institutions, and other
emergency service providers who have supported the nation during this period of
current pandemic. The bank remains committed towards its goal in support of
Nation Building.”
The bank donated PPE Kits to BMC and also provided financial assistance to KEM
Hospital, Mumbai for medical assistance to underprivileged patients of cardiology
and gastroenterology who can’t afford the treatment costs.
With the COVID
situation impacting the banking sector and the economy as a whole, Bank of
India has made sure that there are no lapses in services during these testing
and unprecedented times. The bank has been instrumental in providing
uninterrupted operational service across the branches with all safety and
security measures are undertaken at the branch level in accordance with the Central
and State Governments.
During these
times, the bank has also encouraged customers to move towards the use of
digital transactions to ensure safety and security as well as transparency at
an operational level.
About Bank of India
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
nationalized 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 nationalized banks. The
Bank has over 5000 branches in India spread over all states/ union territories including
specialized branches. These branches are controlled through 55 Zonal Offices
and 8 NBG Offices. There are 46 offices in 19 countries,20 branches of 4Subsidiaries,
1 representative office and 1joint venture abroad.
