Bank of India
Shri Bhushan Kumar Sinha, was appointed as Government of India Nominee Director in Bank of India from 11.04.2022.
He belongs to the 1993 batch of Indian Economic Service. He holds a Master’s degree in Business Administration (MBA) from the National Graduate School of Management (NGSM), Australian National University, Canberra, Australia and a Ph. D from the Department of Financial Studies, University of Delhi, India.
Presently he is posted as Joint Secretary in the Department of Financial Services (DFS), Ministry of Finance, Government of India, New Delhi. Before joining DFS in 2018, he had a three year stint as Economic Adviser in the Department of Investment and Public Asset Management (DIPAM).
He has served as GOI’s Nominee Director on the Board of Central Bank of India w.e.f 14.05.2018 till 11.04.2022. Besides Bank of India, he is also GoI’s Nominee Director on the Board of Directors of IFCI Ltd.
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Bank of India
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Bank of India is an India-based bank. The Bank's segments include Treasury Operations, Wholesale Banking and Retail Banking. The Treasury operations segment includes the entire investment portfolio, which is dealing in government and other securities, money market operations and foreign exchange operations. Its Wholesale Banking segment includes all advances, which are not included under Retail Banking. Its Retail Banking segment includes exposures, which fulfill criteria, including exposure (the maximum aggregate exposure of approximately five crore rupees), and the total annual turnover is over 50 crore rupees, which means the average turnover of the last three years in case of existing entities and projected turnover in case of new entities. It operates through a branch network of approximately 5, 020 domestic branches and over 60 overseas branches. Its subsidiaries include BOI AXA Investment Managers Pvt. Ltd., BOI AXA Trustee Services Pvt. Ltd and Bank of India (Tanzania) Ltd.