To become the Bank of choice for corporate,medium business and up market retail costomer and developmental Bank for small business,mass markets.


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) Limited

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