Bank of India adds 111 new branches to expand urban, semi-urban reach

The Bank of India (BoI), a state-owned institution, announced on Tuesday the establishment of 111 new branches nationwide to enhance its footprint in significant urban and semi-urban areas.

The bank has opened 17 branches under the Hyderabad Field General Manager Office (FGMO), 14 under the Chennai FGMO, 13 under the Pune FGMO, 12 under the New Delhi FGMO, and 11 under the Bhopal FGMO. Furthermore, 10 branches have been launched each under the Chandigarh and Lucknow FGMO, as stated in a press release from the bank.

“This expansion strengthens our presence in key urban and semi-urban centres,” said Rajneesh Karnatak, managing director and chief executive officer, BoI, adding that by increasing the branch network, the bank aims to enhance accessibility, improve customer convenience, and provide a more personalised banking experience.

“This initiative aligns with our broader vision of driving financial inclusion and contributing to the nation’s economic growth,” Karnatak added.

As of December 2024, BoI had 5,202 branches in the country, with 993 in metros, 838 in urban centres, 1,501 in semi-urban centres, and 1,868 in rural areas.

 In Q3FY25, the state-owned bank added 11 new domestic branches, while in Q2, it had added 36 new branches.