| Company type | Private |
|---|---|
| Industry | Financial services |
| Founded | 1953 (1953) |
| Headquarters | Bank of India Building Kenyatta Avenue Nairobi, Kenya |
| Key people | Rajneesh Karnatak, group managing director and CEO OMPrakash Maheshwari, executive director and CEO |
| Products | Loans, Transaction accounts, Savings, Investments, Debit Cards |
| Total assets | US$541 million (KES:51 billion (2014) |
| Website | www |
Bank of India (Kenya) is a commercial bank in Kenya. It is one of the commercial banks licensed by the Central Bank of Kenya, the national banking regulator.
As of May 2015, Bank of India (Kenya) is a medium-sized financial services provider in Kenya. Its total assets were valued at approximately US$541 million (KES:51 billion).
History
Bank of India (Kenya) received its banking license on 6 May 1953. Its first office opened in Mombasa, the same year. In 1954 it opened its first branch in Nairobi, in the Heritage Building. It plans to increase its footprint to eight branches before 1 July 2015.
Bank of India Group
By virtue of its shareholding, Bank of India (Kenya) is a member of the Bank of India Group, a financial services conglomerate whose shares are listed on the Bombay Stock Exchange. The stock of the Bank of India Group is 65.9 percent owned by the Government of India and is one of the five largest banks in India, with over 4,000 branches (30 of them outside India) and over 1,650 automated teller machines. The member companies of the Bank of India Groupo include, but are not limited to, the following:
- Bank of India - India
- Bank of India (Botswana)
- Bank of India (Kenya)
- Bank of India (Tanzania)
- Bank of India (Uganda)
- Indo-Zambia Bank Limited - Zambia - 20% shareholding
- Bank of India (South Africa) - representative office
Branches
Bank of India (Kenya) maintains branches at the following locations:
- Kenyatta Avenue Branch - Bank of India Building, Kenyatta Avenue, Nairobi (Main Branch)
- Industrial Area Branch - Unit 1D, Block D, Sameer Industrial Park, Nairobi-Mombasa Road, Nairobi
- Mombasa Branch - Bank of India Building, Nkrumah Road, Mombasa
- Westlands Branch - Progressive Park Towers, Westlands, Nairobi
- Kisumu Branch - First Floor, Tuffoam Plaza, Jomo Kenyatta Highway, Kisumu
- Eldoret Branch - Tarita Centre, Ronald Ngala Street, Eldoret
- Nakuru Branch - Nakuru
- Thika Branch - Thika
See also
References
- ^ "Directory of Commercial Banks And Mortgage Finance Companies In Kenya" (PDF). Central Bank of Kenya (CBK). 2014. Retrieved 16 May 2015.
- ^ Langat, Patrick (14 May 2015). "Bank of India Opens Shop In Kisumu And Eldoret". Business Daily Africa (Nairobi). Archived from the original on 27 May 2015. Retrieved 16 May 2015.
- Mwaniki, Charles (15 April 2013). "Bank of India Targets Major Towns In Expansion Plan". Business Daily Africa (Nairobi). Retrieved 16 May 2015.
- Nantaba, Eriosi (1 July 2012). "Bank of India Returns to Uganda". East African Business Week (Kampala) via AllAfrica.com. Retrieved 16 May 2015.
- "About Bank of India (Botswana)". Bank of India (Botswana). Retrieved 16 May 2015.
- "List of Branches of Bank of India (Kenya)". Bank of India (Kenya). 2015. Retrieved 16 May 2015.
External links
- Website of Bank of India (Kenya)
- Website of Bank of India Archived 2014-12-16 at the Wayback Machine
