BoI launches slew of digital products to mark 120th anniversary

MUMBAI: Bank of India has unveiled a suite of next-generation banking solutions aimed at driving digital adoption, financial inclusion and customer-centric innovation to mark its 120th Foundation Day during an event at the Jio World Convention Center, Mumbai.
Speaking at the event, the bank’s MD & CEO, Rajneesh Karnatak said that the public sector lender plans to position itself as a leader in digital banking.
“For 120 years, Bank of India has been a partner in the nation’s growth story. As we step into the future, our focus is clear: to lead in digital banking, to champion inclusive growth, and to innovate for every section of society – from farmers and gig workers to corporates and the underserved. Our commitment is to serve India with agility, empathy, and vision,” said Karnatak.
As part of the anniversary announcements, the bank launched several new initiatives spanning agriculture, trade, gig work, inclusion, and corporate banking. The Star Agri Smart Finance Scheme gives farmers credit for equipment, crops, warehousing, and allied needs, with repayments linked to crop cycles and bundled insurance and advisory services. The BOI TradeEasy Platform digitizes trade finance, offering credit, bill collections, and guarantees on a single system, cutting paperwork and linking directly with customs to ease cross-border trade.
For gig workers, the bank introduced digital KYC accounts, flexible savings, small-ticket loans, and bundled insurance to extend credit and inclusion to freelancers and app-based service providers. Its Braille Debit Card supports visually impaired customers with embossed markings for ATMs and PINs, ensuring secure, accessible banking backed by assistive technology.
The Star Vyapar Shakti Current Account targets MSMEs and start-ups with higher transaction limits, cheaper digital collections, trade benefits, and payroll integration to boost liquidity and efficiency. Meanwhile, Omni Neo Corporate Internet Banking offers corporates real-time dashboards for fund transfers, bulk payments, and ERP integration, with paperless workflows and multi-factor security to improve operational control.
The bank also highlighted its social responsibility by extending CSR contributions of Rs 9.9 lakh to the *Jaan Foundation Trust* for shelter homes for victims of abuse and trafficking, and Rs 8 lakh to the *Dabewala Roti Foundation* to support hunger eradication and food distribution in Mumbai.
Beyond banking, the institution used the occasion to celebrate excellence and culture. It felicitated Nayana Sri Talluri, a medalist at the Asian Open Short-Track Speed Skating Championship, for her sporting achievements. The evening concluded with cultural performances by the Sunil Sale Troupe and a high-energy concert by singer Sukhwinder Singh and his band.
Bank of India, founded in 1906 is among the oldest banks in the country.