Reserve Bank of New Zealand Governor Dr Alan Bollard will inaugurate the office of the Bank of India (NZ) Limited in Auckland on Thursday, October 6, 2011.
The inaugural function will be held at the Bank’s office and first branch at 10 Manukau Road, Epsom at 10 am. An inaugural dinner for invited guests will be held at Stamford Plaza at 730 pm.
BOINZ Managing Director Nageshwar Rao Paladugu said at press time that he was awaiting confirmation from his Head Office in Mumbai regarding the visit of other dignitaries.
Our sources however mentioned that the Bank’s Chairman & Managing Director Alok Kumar Mishra, accompanied by top officials from the Head Office is likely to attend the inaugural ceremony and dinner.
| Bank of India – Financials | |||
| Amt in USD Millions | |||
| Item | Year ended 31st March 2010 | Year ended 31st march 2011 | Growth |
| Total Business | 89,327 | 115,493 | 29.29% |
| Total Deposits | 51,172 | 67,022 | 30.97% |
| Total Advances | 38,155 | 48,470 | 27.03% |
| Total Capital | 4,664 | 5,632 | 20.75% |
| Gross Profit | 1,048 | 1,207 | 15.17% |
| Net Profit | 388 | 558 | 43.81% |
| Branches (India) | 3,207 | 3,490 | 8.82% |
| Branches (Overseas) | 29 | 29 | 0.00% |
| Employees | 39,676 | 40,127 | 1.14% |
| Customers | 39 Million | 45 Million | 15.38% |
| Bank of India – Financials | |||
| Amt in NZ $ Millions | |||
| Item | Year ended 31st March 2010 | Year ended 31st march 2011 | Growth |
| Total Business | 108,086 | 139,747 | 29.29% |
| Total Deposits | 61,918 | 81,097 | 30.97% |
| Total Advances | 46,168 | 58,649 | 27.03% |
| Total Capital | 5,643 | 6,815 | 20.75% |
| Gross Profit | 1,268 | 1,460 | 15.17% |
| Net Profit | 469 | 675 | 43.81% |
| Branches (India) | 3,207 | 3,490 | 8.82% |
| Branches (Overseas) | 29 | 29 | 0.00% |
| Employees | 39,676 | 40,127 | 1.14% |
| Customers | 39 Million | 45 Million | 15.38% |
