The Bank of India happens to be the first Indian bank to establish a branch outside India. This was in London. So, it is just as well that an important part of the centenary celebrations be held in London.
The centenary celebrations of the Bank of India were held at Washington Mayfair Hotel in London at a glittering function held on Wednesday.
The function was inaugurated by M. Balachandran, chairman and managing director of the bank. It was attended by leading members of the Indian community in UK and a host of dignitaries ranging from regulators, business associates, bankers and selected customers.
Speaking on the occasion, Mr Balachandran hailed the vision of the founders of the bank for making it the first Indian bank to open a branch in London.
The London branch was opened in July 1946. In the function at London, customers also spoke of their association with the bank in UK and the role played by it in their lives.
The Bank of India has a total business mix of Rs170,000 crores at present and has set for itself a target for achieving a business mix of Rs 2,00,000 crores during the year 2006-7. The public sector bank has 2630 branches in India and 24 branches/offices abroad.
The centenary celebrations of the Bank of India were held at Washington Mayfair Hotel in London at a glittering function held on Wednesday.
The function was inaugurated by M. Balachandran, chairman and managing director of the bank. It was attended by leading members of the Indian community in UK and a host of dignitaries ranging from regulators, business associates, bankers and selected customers.
Speaking on the occasion, Mr Balachandran hailed the vision of the founders of the bank for making it the first Indian bank to open a branch in London.
The London branch was opened in July 1946. In the function at London, customers also spoke of their association with the bank in UK and the role played by it in their lives.
The Bank of India has a total business mix of Rs170,000 crores at present and has set for itself a target for achieving a business mix of Rs 2,00,000 crores during the year 2006-7. The public sector bank has 2630 branches in India and 24 branches/offices abroad.