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 nationalised 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 nationalised banks.
The Bank has 5001 branches in India spread over all states/ union territories including specialized branches. These branches are controlled through 54 Zonal Offices. There are 54 branches/ offices and 5 Subsidaries and 1 joint venture abroad.
Presently Bank has overseas presence in 23 foreign countries spread over 5 continents – with 60 offices including 5 Subsidiaries, 5 Representative Offices and 1 Joint Venture, at key banking and financial centres viz., Tokyo, Singapore, Hong Kong, London, Jersey, Paris and New York.
On May 7, 2012, Bank of India (BOI) acquired a 51% stake in Bharti AXA Investment Managers Private Limited (BAIM) and Bharti AXA Trustee Services Private Limited (BATS). Consequent to this change in JV Partnership, BOI became a Co-Sponsor along with existing Sponsor, AXA Investment Managers ("AXA IM") and the Fund was renamed as BOI AXA Mutual Fund, and BAIM was renamed as BOI AXA Investment Managers Private Limited, and BATS was re-named as BOI AXA Trustee Services Private Limited.
(Source: : www.bankofindia.com
AXA Investment Managers (AXA IM) is one of the world's leading asset managers, backed by the strength of the AXA Group with assets under management (AUM) of EUR 679 billion as at 30.06.16.
Founded in 1994, AXA IM is an active asset manager fully owned and backed by the AXA Group, a world leader in financial protection. AXA IM provides both local and global investment solutions for a wide variety of clients, ranging from the AXA Group and its insurance companies, to institutional investors - pension funds, insurance companies, corporates, non-profits, family offices and sovereign wealth funds - and distributors - both wholesale and retail.
AXA IM employs 2,399 employees that operate in 21 offices across 65 countries in Europe, the Americas, Asia and the Middle East (as at 30/06/2016).
National Mutual International Pty. Limited (NMIPL) is a wholly owned subsidiary of AXA APH. AXA Asia Pacific Holdings Ltd. (AXA APH) is listed on the Australian stock exchange and is 52.3% owned by AXA SA. AXA APH is responsible for AXA SA’s life insurance and wealth management businesses in the Asia-Pacific region. It has operations in Australia, New Zealand, Hong Kong, Singapore, Indonesia, Philippines, Thailand, China, India and Malaysia. AXA APH had A$83.9 billion in total funds under management and administration as on 31 December 2008 and reported a profit after tax of A$278.7 million for the year ending, December 2008. (Source: AXA APH)