Chennai:
Bank of India Managing Director & Chief Executive Officer Shri Rajneesh Karnatak on Friday reviewed the Bank’s operations in Chennai and called upon officials to accelerate business growth while adhering to strong governance and compliance standards.
As part of his visit, Shri Rajneesh Karnatak reviewed the performance of the Field General Manager’s Office (FGMO), Chennai, the Chennai Zonal Office and the Large Corporate Branch. Addressing Branch Managers of the Chennai Zone at Hotel Accord Metropolitan, he presented the Bank’s strategic vision under the theme “Performance with Prudence: Building a Compliant Path to Success.”
He urged branch officials to strengthen mobilisation of Foreign Currency Non-Resident (FCNR) deposits, expand agricultural lending through the Kisan Mah initiative, enhance financing for Micro, Small and Medium Enterprises (MSMEs), promote financial inclusion products and increase credit flow under Government-backed schemes, including ECLGS 5.0 and Micro Credit Cards.
According to Bank officials, FGMO Chennaicurrently manages a business mix of around ₹67,500 crore as of June 2026. The office recorded a 16% year-on-year growth in deposits and 24% growth in advances, and supervises 361 branches across Tamil Nadu, Kerala and Puducherry. Of these, 243 branchesare located in Tamil Nadu under the Chennai, Coimbatore and Madurai zones.
During the visit, the Bank of India Social Foundation Trust awarded scholarships amounting to ₹3.24 lakh to 12 meritorious students from economically weaker sections pursuing studies at CIPET (Central Institute of Petrochemicals Engineering & Technology), Chennai. The scholarships were presented in the presence of Smt. Anita Mohanty, Field General Manager, Shri Mohan Marethi, Zonal Manager, senior Bank executives and CIPET officials.
Bank of India reported a net profit of ₹10,527 crore for FY 2025-26, with a total business mix of ₹16.98 lakh crore as on March 31, 2026. The public sector bank operates 5,535 branches, employs 51,010 people, and has a presence in 15 countries.