BoI subsidiary launches in New Zealand

7 October 2011: Bank of India (New Zealand), a wholly-owned subsidiary of Bank of India, has been inaugurated on 5 October 2011 by Dr Alan Bollard, Governor, Reserve Bank of New Zealand.

With its entry into New Zealand, BoI has expanded its presence to 19 overseas countries, spread over five continents. The bank now has 29 foreign offices, in addition to three subsidiaries and one joint venture abroad. Almost 20 per cent of the bank's business comes from its overseas operations.

Source: Economic Times