IIPM Admission

Tuesday, July 03, 2007

Bank... of India & growth


Strict credit monitoring, organizational restructuring coupled with various tools has helped the bank

Prudence Bank of Indiaand caution are the only religions at Bank of India (BoI). A multi-pronged strategy of strict credit monitoring and organisational restructuring, coupled with various strategic tools, has helped the bank in attaining desired results. Consider their positioning: Bank of India – Rishton ki jamapoonji. Add to that some great advertising that tugs emotions and this bank is certainly going places. With a strong pan India presence and over 20% of its total business coming from overseas operations, BOI continues to sail smoothly on a strong growth trajectory. For FY 2006-07, the bank not only posted a 60% surge in its net profit, but has also been able to enhance its asset quality by bringing down NPAs.

Nowadays BoI is keeping very busy, what with a plethora of acquisitions, strategic alliances, international expansions, capital augmentation, new product launches, et al. A 76% stake in an Indonesian bank, a joint venture with the largest Japanese Insurance company, 63 new branches, a new branch at Antwrep, Belgium, online share trading services and many more... Market watches are now wondering – what’s next?

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2007

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