OUR VISION
To become the Bank of choice for corporate,medium business and up market retail costomer and developmental Bank for small business,mass markets.
OUR MISSION
To provide superior, proactive banking service to niche markets, while providing cost-effective, responsive service to others in our role as a responsible commercial bank.
Bank of India was founded on 7th September 1906 and was nationalized in 1969. Government of India holds 87.05% share in Bank of India. The Bank has over 5100 branches in India and 60 foreign offices, 5 subsidiaries and 1 joint venture abroad spread over 22 countries. It has presence at all the key financial centres of the world including New York, Tokyo, Singapore, Hongkong, London, Paris, Beijing, Nairobi, Johannesburg and Dar es Salaam.
Bank of India has been selected as the Top Indian Company under Banking Sector for the Dun & Bradstreet- Rolta Corporate Award 2008. It has also won the Award for Top Public Sector Bank under Best Bank category and adjudged overall Best Bank in Dun and Bradstreet Banking awards 2008.
Bank of India has a robust balance sheet size which is reflected in its business figures for the period ending 31st March 2019. These are as under:
| Particualar | Amount |
|---|---|
| Business mix | 131.74 Billion USD |
| Operating profit | 1.18 Billion USD |
Bank of India (Tanzania) Ltd was registered in Tanzania in 2007 with Banking license granted by Bank of Tanzania. Bank started operations on 16th July 2008 by opening its first branch in Dar es Salaam. We have bouquet of Loan, Deposit and Foreign Exchange products which can be further be customized to satisfy customer requirements.
Our bank is wholly owned subsidiary of Bank of India, one of the largest public sector banks in India, established in 1906 and having banking expertise and tradition of over 113 years. Bank of India has over 5100 domestic Branches and 60 foreign offices,5 subsidiaries and 1 joint venture abroad spread over 22 countries covering all the important business centers like New York, London, Paris, Dubai, Hong Kong, Singapore, Jakarta, Nairobi, Antwerp, Jersey, Shenzhen, Beijing, Cambodia, Vietnam, Uganda and all continents including Africa.
We in Bank of India believe in the concept "The Bank that Cares" and ‘Relationship beyond Banking”.
The performance of Bank of India (Tanzania) Limited as on 31st December 2022 was as under
| Particulars | Amount |
|---|---|
| Capital | TZS 21.50 Billion |
| Total Assets | TZS 180.68 Billion |
| Business Mix | TZS 235.83 Billion |
| Operating Profit | TZS 3.313 Billion |
| Net Profit | TZS 0.89 Billion |
| Names of Directors : | |
|---|---|
| 1. | Mr. Kuldeep Jindal- Chairman |
| 2. | Mr. Antaryami Sarangi - Managing Director |
| 3. | Mr. Anand Venkatachalam - Director |
| 4. | Mr. Radhakanta Hota - Director |
| 5. | Dr. Bernard E Mnzava - Director |
| 6. | Mr. Suitbert Kageuka - Director |
| 7. | Dr. Paul R Kato - Director |
OUR EXCHANGE RATE
- Dear Esteemed Customers we are pleased to inform you that our SMS alert facility for our account holders is now Free of charge.Kindly contact our branches for details and activation
- 02/08/2012 We are happy to announce that business hours of our Zanaki street Branch have been extended up to 4.00pm from Monday up to Friday
