Expressnews
Chennai, July 2026: Bank of India, one of India’s leading public sector banks headquartered in Mumbai, continues to strengthen its position with a total business mix of ₹16.98 lakh crore as on March 31, 2026. The Bank operates through a robust network of 5,535 branches supported by a workforce of 51,010 employees, has an international presence across 15 countries, and recorded a net profit of ₹10,527 crore for FY 2025–26.
As part of his visit to Chennai, Shri Rajneesh Karnatak, Managing Director & Chief Executive Officer, Bank of India, reviewed the Bank’s operations at the Field General Manager’s Office (FGMO), Chennai, Chennai Zonal Office and the Large Corporate Branch.
FGMO Chennai is one of the Bank’s key operational centres in southern India. As of June 2026, it manages a business mix of around ₹67,500 crore, registering a year-on-year growth of 16% in deposits and 24% in advances. The FGMO oversees 361 branches across five zones, covering Tamil Nadu, Kerala and the Union Territory of Puducherry. In Tamil Nadu alone, the Bank operates 243 branches under the Chennai, Coimbatore and Madurai zones.
Addressing Branch Managers of the Chennai Zone at Hotel Accord Metropolitan, Shri Rajneesh Karnatak outlined the Bank’s strategic roadmap under the guiding theme, “Performance with Prudence: Building a Compliant Path to Success.” He urged the teams to focus on sustainable business growth while maintaining the highest standards of compliance and governance.
Highlighting key business priorities, he encouraged branches to strengthen mobilisation of Foreign Currency Non-Resident (FCNR) deposits, expand agricultural lending under the Kisan Mah initiative, support the growth of Micro, Small and Medium Enterprises (MSMEs), promote financial inclusion products, and accelerate credit growth through Government-sponsored initiatives such as ECLGS 5.0 and Micro Credit Cards.
Reaffirming Bank of India’s commitment to social responsibility, the Bank of India Social Foundation Trust awarded scholarships worth ₹3.24 lakh to 12 meritorious students from economically weaker sections studying at CIPET (Central Institute of Petrochemicals Engineering & Technology), Chennai.
The scholarship distribution ceremony was held at Hotel Accord Metropolitan in the presence of Shri Rajneesh Karnatak, Managing Director & Chief Executive Officer, Smt. Anita Mohanty, Field General Manager, Shri Mohan Marethi, Zonal Manager, senior executives of the Bank and officials from CIPET.
The initiative reflects Bank of India’s continued commitment to inclusive growth, educational empowerment and sustainable community development by supporting deserving students in pursuing higher education.
