Bank of India (Kenya)

Commercial bank in Kenya

Bank of India (Kenya) LimitedCompany 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:91 billion (30.09.2024)
Website| www.boikenya.com

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.[1]

As of May 2015[update], 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).[2]

## History

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Bank of India (Kenya) received its banking license on 6 May 1953.[1] 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.[2][3]

## Bank of India Group

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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:[2][4]

* Bank of India \- India
* Bank of India (Botswana)[5]
* 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

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Bank of India (Kenya) maintains branches at the following locations:[6]

1. Kenyatta Avenue Branch - Bank of India Building, Kenyatta Avenue, Nairobi (Main Branch)
2. Industrial Area Branch - Unit 1D, Block D, Sameer Industrial Park, Nairobi-Mombasa Road, Nairobi
3. Mombasa Branch - Bank of India Building, Nkrumah Road, Mombasa
4. Westlands Branch - The Oval, Westlands,Nairobi
5. Eldoret Branch - Tarita Centre, Ronald Ngala Street, Eldoret

## See also

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* List of banks in Kenya
* Economy of Kenya

## References

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1. ^ a b "Directory of Commercial Banks And Mortgage Finance Companies In Kenya" (PDF). Central Bank of Kenya (CBK). 2014. Retrieved 16 May 2015.
2. ^ a b c 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.
3. ^ Mwaniki, Charles (15 April 2013). "Bank of India Targets Major Towns In Expansion Plan". Business Daily Africa (Nairobi). Retrieved 16 May 2015.
4. ^ Nantaba, Eriosi (1 July 2012). "Bank of India Returns to Uganda". East African Business Week (Kampala) via AllAfrica.com. Retrieved 16 May 2015.
5. ^ "About Bank of India (Botswana)". Bank of India (Botswana). Archived from the original on 26 June 2015. Retrieved 16 May 2015.
6. ^ "List of Branches of Bank of India (Kenya)". Bank of India (Kenya). 2015. Archived from the original on 12 June 2015. Retrieved 16 May 2015.

## External links

[edit]

* Website of Bank of India (Kenya) Archived 2015-06-15 at the Wayback Machine
* Website of Bank of India Archived 2014-12-16 at the Wayback Machine

* v
* t
* e

Banks of Kenya

Central bank|

* Central Bank of Kenya

Commercial bank|

* Absa Bank
* Access Bank Kenya
* African Banking Corporation
* Bank of Africa
* Bank of Baroda
* Bank of India
* CIB Kenya
* Citibank NA Kenya
* Consolidated Bank of Kenya
* Cooperative Bank of Kenya
* Credit Bank
* Development Bank of Kenya
* Diamond Trust Bank
* East African Development Bank
* Ecobank Kenya
* Equity Bank
* Family Bank
* Guaranty Trust Bank
* Guardian Bank
* Gulf African Bank
* Habib Bank AG Zurich
* Housing Finance Company of Kenya
* I&M Bank
* Kingdom Bank Limited
* Kenya Commercial Bank
* Middle East Bank Kenya
* M-Oriental Bank
* National Bank of Kenya
* NCBA Bank
* Paramount Universal Bank
* Post Bank
* Premier Bank
* Prime bank
* SBM Bank Kenya
* Sidian Bank
* Stanbic Bank
* Standard Chartered Kenya
* United Bank for Africa
* Victoria Commercial Bank

Financial services organization|

* DTB Group
* Equity Group Holdings
* HF Group
* I&M Holdings
* KCB Group
* Kenya Mortgage Refinance Company
* NCBA Group

Foreign banks|

* Bank of China
* Bank of Kigali
* FirstRand
* HDFC Bank
* HSBC
* Nedbank

Defunct banks|

* Chase Bank
* Commercial Bank of Africa (Formerly part of CBA Group)
* Dubai Bank Kenya
* Euro Bank
* Fina Bank
* Giro Commercial Bank
* Habib Bank
* Imperial Bank Limited
* Spire Bank

Microfinance Institutions|

* Choice Microfinance Bank
* Faulu Kenya
* Kenya Women Microfinance Bank
* SMEP Microfinance Bank

SACCOs|

* Imarisha Sacco Society
* Mwalimu National Sacco
* United Nations Sacco Society
* Unaitas

Related Topics|

* Automated Teller Machine (ATM)
* ATM usage fees
* De-Materialisation (DEMAT)
* Financial services
* Foreign Exchange (FOREX)
* National Electronic Fund Transfer (NEFT)
* Real Time Gross Settlement (RTGS)
* Structured Financial Messaging System (SFMS)

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