Bank of India (Uganda) - Revision history

NydiaSilverman2 at 15:05, 25 November 2025

2025-11-25T15:05:07Z

← Older revision		Revision as of 20:35, 25 November 2025
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			{{Short description\|Commercial bank in Uganda}}
	{{Infobox company \|		{{Infobox company \|
	name = Bank of India (Uganda)\|		name = Bank of India (Uganda)\|
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	foundation = 2012\|		foundation = 2012\|
	location = [[Kampala]], [[Uganda]]\|		location = [[Kampala]], [[Uganda]]\|
	key_people = '''~~Atanu Kumar Das~~'''<br/>[[Managing Director\|Group CEO]]<br/>'''Dr Wenceslaus Rama Makuza'''<br/>[[Chairman]]<ref>{{cite web\|date=20 June 2012 \|access-date=1 May 2014 \| url=http://www.monitor.co.ug/Business/Bank+of+India+urged+on+agriculture+as+it+resumes+operations/-/688322/1430762/-/k4bionz/-/index.html \|title=Bank of India Urged On Agriculture As It Resumes Operations \|first=Flavia \|last=Nalubega \|newspaper=[[Daily Monitor]] \|location=Kampala}}</ref><br/>'''~~Vikash Krishna~~'''<br/>[[Managing Director]] and [[CEO]]\|		key_people = '''Rajneesh Karnatak'''<br/>[[Managing Director\|Group CEO]]<br/>'''Dr Wenceslaus Rama Makuza'''<br/>[[Chairman]]<ref>{{cite web \|date=20 June 2012 \|access-date=1 May 2014 \|url=http://www.monitor.co.ug/Business/Bank+of+India+urged+on+agriculture+as+it+resumes+operations/-/688322/1430762/-/k4bionz/-/index.html \|title=Bank of India Urged On Agriculture As It Resumes Operations \|first=Flavia \|last=Nalubega \|newspaper=[[Daily Monitor]] \|location=Kampala }}{{Dead link\|date=August 2025 \|bot=InternetArchiveBot \|fix-attempted=yes }}</ref><br/>'''Srikant Ashok Wikhe'''<br/>[[Managing Director]] and [[CEO]]\|
	num_employees = 40\|		num_employees = 40\|
	assets = (UGX 204 billion) (US$ 54.91 million) (2018)\|		assets = (UGX 204 billion) (US$ 54.91 million) (2018)\|
	revenue = {{profit}}Aftertax:US$ 1,106,864 + (UGX 4.1 billion) (2018)<ref>{{cite web\|title=Bad Year For Banks\|date=10 May 2013\|first=Julius\|last=Businge\|access-date=1 May 2014 \|		revenue = {{profit}}Aftertax:US$ 1,106,864 + (UGX 4.1 billion) (2018)<ref>{{cite web\|title=Bad Year For Banks\|date=10 May 2013\|first=Julius\|last=Businge\|access-date=1 May 2014\|url=http://www.independent.co.ug/business/business-news/7773-bad-year-for-banks\|publisher=[[The Independent (Uganda)]]\|archive-date=16 February 2016\|archive-url=https://web.archive.org/web/20160216154353/http://www.independent.co.ug/business/business-news/7773-bad-year-for-banks\|url-status=dead}}</ref>\|
	url=http://www.independent.co.ug/business/business-news/7773-bad-year-for-banks\|publisher=[[The Independent (Uganda)]]}}</ref>\|
	industry = [[Financial services]]\|		industry = [[Financial services]]\|
	products = [[Retail Banking]], Corporate Banking, [[Investments]], [[Remittances]], [[Loans]]\|		products = [[Retail Banking]], Corporate Banking, [[Investments]], [[Remittances]], [[Loans]]\|
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	}}		}}

	'''Bank of India (Uganda) Limited''' (BOIUL), commonly referred to as Bank of India (Uganda), is a [[commercial bank]] in [[Uganda]]. The MD of this bank is Mr.~~Vikash Krishna~~. It is licensed by the [[Bank of Uganda]], the national banking regulator.<ref>{{cite web\|url=https://www.bou.or.ug/bou/bou-downloads/financial_institutions/2013/Information-for-Commercial-Banks-2015.pdf\|title=List of Licensed Commercial Banks As At June 2015\|format=PDF\|last=BOU\|publisher=[[Bank of Uganda]] (BOU)\|date=June 2015\|access-date=18 December 2015\|location=Kampala\|archive-url=https://web.archive.org/web/20151222124328/https://www.bou.or.ug/bou/bou-downloads/financial_institutions/2013/Information-for-Commercial-Banks-2015.pdf\|archive-date=22 December 2015\|url-status=dead}}</ref>		'''Bank of India (Uganda) Limited''' (BOIUL), commonly referred to as Bank of India (Uganda), is a [[commercial bank]] in [[Uganda]]. The MD of this bank is Mr.Srikant Ashok Wikhe. It is licensed by the [[Bank of Uganda]], the national banking regulator.<ref>{{cite web\|url=https://www.bou.or.ug/bou/bou-downloads/financial_institutions/2013/Information-for-Commercial-Banks-2015.pdf\|title=List of Licensed Commercial Banks As At June 2015\|format=PDF\|last=BOU\|publisher=[[Bank of Uganda]] (BOU)\|date=June 2015\|access-date=18 December 2015\|location=Kampala\|archive-url=https://web.archive.org/web/20151222124328/https://www.bou.or.ug/bou/bou-downloads/financial_institutions/2013/Information-for-Commercial-Banks-2015.pdf\|archive-date=22 December 2015\|url-status=dead}}</ref>

	==Overview==		==Overview==
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	==History==		==History==
	Bank of India began its international expansion in 1946 by opening its first branch in London and the first Indian Bank to do so. It opened branches in Tokyo (1950), Singapore (1951), Kenya and Uganda (1953), Hong Kong (1960) and so on. Following the expulsion of [[Asia]]ns from the country by [[Idi Amin]] in 1972, BOIU sold its assets to [[Bank of Baroda]] and exited the country. In 2012, the BOIUL returned as it was issued a commercial banking license by the Bank of Uganda and it started business operations on 18 June 2012. The Bank has been making profits from the first year of its operations and declared the dividends in its fifth year of operations. The bank is one of the better performing bank amongst all the newer banks in the country in terms of business growth, profitability and asset quality with nil NPA. <ref>{{cite web\|		Bank of India began its international expansion in 1946 by opening its first branch in London and the first Indian Bank to do so. It opened branches in Tokyo (1950), Singapore (1951), Kenya and Uganda (1953), Hong Kong (1960) and so on. Following the expulsion of [[Asia]]ns from the country by [[Idi Amin]] in 1972, BOIU sold its assets to [[Bank of Baroda]] and exited the country. In 2012, the BOIUL returned as it was issued a commercial banking license by the Bank of Uganda and it started business operations on 18 June 2012. The Bank has been making profits from the first year of its operations and declared the dividends in its fifth year of operations. The bank is one of the better performing bank amongst all the newer banks in the country in terms of business growth, profitability and asset quality with nil NPA. <ref>{{cite web\|url=http://www.independent.co.ug/news/news/5703-bank-of-india-returns-to-uganda-\|title=Bank of India Returns To Uganda\|first=Julius\|last=Businge\|date=2 May 2012\|access-date=1 May 2014\|publisher=[[The Independent (Uganda)]]\|archive-date=1 May 2014\|archive-url=https://web.archive.org/web/20140501235724/http://www.independent.co.ug/news/news/5703-bank-of-india-returns-to-uganda-\|url-status=dead}}</ref><ref>{{cite web\|url=http://www.monitor.co.ug/Business/New+banks+kick+off++operations+amid+market+volatilities/-/688322/1422854/-/icwevp/-/index.html\|title=New Banks Kick Off Operations Amid Market Volatilities\|first=Flavia\|last=Nalubega\|date=8 June 2012\|publisher=[[Daily Monitor]]\|access-date=1 May 2014\|archive-date=2 May 2014\|archive-url=https://web.archive.org/web/20140502004040/http://www.monitor.co.ug/Business/New%20banks%20kick%20off%20%20operations%20amid%20market%20volatilities/-/688322/1422854/-/icwevp/-/index.html\|url-status=dead}}</ref><ref>{{cite web\|
	url=http://www.independent.co.ug/news/news/5703-bank-of-india-returns-to-uganda-\|
	title=Bank of India Returns To Uganda\|first=Julius\|last=Businge\|date=2 May 2012\|
	access-date=1 May 2014\|publisher=[[The Independent (Uganda)]]}}</ref><ref>{{cite web\| url=http://www.monitor.co.ug/Business/New+banks+kick+off++operations+amid+market+volatilities/-/688322/1422854/-/icwevp/-/index.html\|title=New Banks Kick Off Operations Amid Market Volatilities\|first=Flavia\|last=Nalubega\|date=8 June 2012\|
	publisher=[[Daily Monitor]]\|access-date=1 May 2014}}</ref><ref>{{cite web\|
	url=http://www.newvision.co.ug/news/632138-bank-of-india-returns-after-4-decades.html\|title=Bank of India Returns After 4 Decades\|publisher=[[New Vision]]\|		url=http://www.newvision.co.ug/news/632138-bank-of-india-returns-after-4-decades.html\|title=Bank of India Returns After 4 Decades\|publisher=[[New Vision]]\|
	date=19 June 2012\|first=Andrew Ssenyonga\|last=Samuel Sanya\|access-date=1 May 2014}}</ref>		date=19 June 2012\|first=Andrew Ssenyonga\|last=Samuel Sanya\|access-date=1 May 2014}}</ref>
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	{{columns-list\|colwidth=30em\|		{{columns-list\|colwidth=30em\|
	* [[Bank of India]]: [[India]]		* [[Bank of India]]: [[India]]
	* Bank of India (Botswana): [[Botswana]]<ref>{{cite web\|		* Bank of India (Botswana): [[Botswana]]<ref>{{cite web\|url=http://www.bankofindia.co.bw/english/Aboutus.aspx\|title=About Bank of India (Botswana)\|access-date=1 May 2014\|publisher=Bank of India (Botswana)\|archive-date=26 June 2015\|archive-url=https://web.archive.org/web/20150626014750/http://www.bankofindia.co.bw/english/Aboutus.aspx\|url-status=dead}}</ref>
	url=http://www.bankofindia.co.bw/english/Aboutus.aspx\|title=About Bank of India (Botswana)\|access-date=1 May 2014\|publisher=Bank of India (Botswana)}}</ref>
	* [[Bank of India (Kenya)]]: [[Kenya]]		* [[Bank of India (Kenya)]]: [[Kenya]]
	* Bank of India (Tanzania): [[Tanzania]]		* Bank of India (Tanzania): [[Tanzania]]
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	==Location==		==Location==
	BOIUL has two branches located at 37 Jinja Road, [[Kampala-Jinja Highway]], [[Kampala]] and at Equatorial Mall, Bombo Road, Kampala.<ref>{{cite web\|access-date=20 February 2018 \| url=http://www.boiuganda.co.ug/english/contact_us.aspx \|		BOIUL has two branches located at 37 Jinja Road, [[Kampala-Jinja Highway]], [[Kampala]] and at Equatorial Mall, Bombo Road, Kampala.<ref>{{cite web \|access-date=20 February 2018 \|url=http://www.boiuganda.co.ug/english/contact_us.aspx \|title=The Branches of Bank of India (Uganda) \|date=20 February 2018 \|publisher=Bank of India (Uganda) (BOIUL) \|author=BOIUL \|location=Kampala \|archive-date=21 February 2018 \|archive-url=https://web.archive.org/web/20180221102541/http://www.boiuganda.co.ug/english/contact_us.aspx \|url-status=dead }}</ref>
	title=The Branches of Bank of India (Uganda) \|date=20 February 2018 \|publisher=Bank of India (Uganda) (BOIUL) \|author=BOIUL \| location=Kampala}}</ref>

	==See also==		==See also==
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	==External links==		==External links==
	* [http://www.bou.or.ug/bou/home.html Website of Bank of Uganda] {{Webarchive\|url=https://web.archive.org/web/20120228045357/http://www.bou.or.ug/bou/home.html \|date=2012-02-28 }}		* [http://www.bou.or.ug/bou/home.html Website of Bank of Uganda] {{Webarchive\|url=https://web.archive.org/web/20120228045357/http://www.bou.or.ug/bou/home.html \|date=2012-02-28 }}
	* [http://www.bankofindia.com/ Website of Bank of India]		* [http://www.bankofindia.com/ Website of Bank of India] {{Webarchive\|url=https://web.archive.org/web/20141216223845/http://bankofindia.com/ \|date=2014-12-16 }}
	* [https://www.theeastafrican.co.ke/business/Ugandan-banks-suffer-effects-of-bad-loans--expansion-in-2012-/-/2560/1849400/-/item/1/-/7n8dqt/-/index.html Ugandan Banks Suffer Effects of Bad Loans, Expansion in 2012]		* [https://www.theeastafrican.co.ke/business/Ugandan-banks-suffer-effects-of-bad-loans--expansion-in-2012-/-/2560/1849400/-/item/1/-/7n8dqt/-/index.html Ugandan Banks Suffer Effects of Bad Loans, Expansion in 2012]{{Dead link\|date=August 2025 \|bot=InternetArchiveBot \|fix-attempted=yes }}

	{{Authority control}}		{{Authority control}}
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	[[Category:Banks established in 2012]]		[[Category:Banks established in 2012]]
	[[Category:Companies based in Kampala]]		[[Category:Companies based in Kampala]]
			[[Category:2012 establishments in Uganda]]

2405:201:A413:981F:C188:CD0E:C08B:7244 at 08:42, 1 October 2021

2021-10-01T08:42:22Z

New page

{{Infobox company |
name = Bank of India (Uganda)|
logo = |
type = [[Private company|Private]]|
slogan = |
foundation = 2012|
location = [[Kampala]], [[Uganda]]|
key_people = '''Atanu Kumar Das''' [[Managing Director|Group CEO]] '''Dr Wenceslaus Rama Makuza''' [[Chairman]]<ref>{{cite web|date=20 June 2012 |access-date=1 May 2014 | url=http://www.monitor.co.ug/Business/Bank+of+India+urged+on+agriculture+as+it+resumes+operations/-/688322/1430762/-/k4bionz/-/index.html |title=Bank of India Urged On Agriculture As It Resumes Operations |first=Flavia |last=Nalubega |newspaper=[[Daily Monitor]] |location=Kampala}}</ref> '''Vikash Krishna''' [[Managing Director]] and [[CEO]]|
num_employees = 40|
assets = (UGX 204 billion) (US$ 54.91 million) (2018)|
revenue = {{profit}}Aftertax:US$ 1,106,864 + (UGX 4.1 billion) (2018)<ref>{{cite web|title=Bad Year For Banks|date=10 May 2013|first=Julius|last=Businge|access-date=1 May 2014 |
url=http://www.independent.co.ug/business/business-news/7773-bad-year-for-banks|publisher=[[The Independent (Uganda)]]}}</ref>|
industry = [[Financial services]]|
products = [[Retail Banking]], Corporate Banking, [[Investments]], [[Remittances]], [[Loans]]|
parent = [[Bank of India]]|
homepage =[http://www.boiuganda.co.ug/english/home_uga.aspx Homepage]|
}}

'''Bank of India (Uganda) Limited''' (BOIUL), commonly referred to as Bank of India (Uganda), is a [[commercial bank]] in [[Uganda]]. The MD of this bank is Mr.Vikash Krishna. It is licensed by the [[Bank of Uganda]], the national banking regulator.<ref>{{cite web|url=https://www.bou.or.ug/bou/bou-downloads/financial_institutions/2013/Information-for-Commercial-Banks-2015.pdf|title=List of Licensed Commercial Banks As At June 2015|format=PDF|last=BOU|publisher=[[Bank of Uganda]] (BOU)|date=June 2015|access-date=18 December 2015|location=Kampala|archive-url=https://web.archive.org/web/20151222124328/https://www.bou.or.ug/bou/bou-downloads/financial_institutions/2013/Information-for-Commercial-Banks-2015.pdf|archive-date=22 December 2015|url-status=dead}}</ref>

==Overview==
Bank of India Uganda Limited opened in 2012 with an objective to become a key financial player for corporate, medium business and up-market retail customers and developmental banking for micro and small business, while providing cost effective services. It offers a wide range of products that include savings deposit, current account, fixed deposits, recurring deposit, personal loans, retail loans, SME loans, corporate loans, bill discounting, letters of credit and bank guarantees.<ref>{{Cite web|title=BKIDUGKAXXX BIC / SWIFT Code - BANK OF INDIA (UGANDA) LTD Uganda|url=https://transferwise.com/gb/swift-codes/BKIDUGKAXXX|website=TransferWise|language=en-gb|access-date=2020-05-29}}</ref>

{{asof|December 2018}} Bank of India (Uganda) had total assets of USh 204 billion, with customer deposits of USh 125.45 billion, and a loan book of Shs 127.34 billion. During the 12 months ended 31 December 2018, the bank recorded a profit of USh 4.1 billion after taxes.<ref name="Data">{{cite web|url=http://www.monitor.co.ug/Business/BoU-no-takeover-India-Mutebile/688322-4313164-qcr5px/index.html |
title=Bank of Uganda dismisses reports about taking over Bank of India |access-date=20 February 2018 |date=20 February 2018 | newspaper=[[Daily Monitor]] |first=Jonathan |location=Kampala |
last=Adengo}}</ref>

==History==
Bank of India began its international expansion in 1946 by opening its first branch in London and the first Indian Bank to do so. It opened branches in Tokyo (1950), Singapore (1951), Kenya and Uganda (1953), Hong Kong (1960) and so on. Following the expulsion of [[Asia]]ns from the country by [[Idi Amin]] in 1972, BOIU sold its assets to [[Bank of Baroda]] and exited the country. In 2012, the BOIUL returned as it was issued a commercial banking license by the Bank of Uganda and it started business operations on 18 June 2012. The Bank has been making profits from the first year of its operations and declared the dividends in its fifth year of operations. The bank is one of the better performing bank amongst all the newer banks in the country in terms of business growth, profitability and asset quality with nil NPA. <ref>{{cite web|
url=http://www.independent.co.ug/news/news/5703-bank-of-india-returns-to-uganda-|
title=Bank of India Returns To Uganda|first=Julius|last=Businge|date=2 May 2012|
access-date=1 May 2014|publisher=[[The Independent (Uganda)]]}}</ref><ref>{{cite web| url=http://www.monitor.co.ug/Business/New+banks+kick+off++operations+amid+market+volatilities/-/688322/1422854/-/icwevp/-/index.html|title=New Banks Kick Off Operations Amid Market Volatilities|first=Flavia|last=Nalubega|date=8 June 2012|
publisher=[[Daily Monitor]]|access-date=1 May 2014}}</ref><ref>{{cite web|
url=http://www.newvision.co.ug/news/632138-bank-of-india-returns-after-4-decades.html|title=Bank of India Returns After 4 Decades|publisher=[[New Vision]]|
date=19 June 2012|first=Andrew Ssenyonga|last=Samuel Sanya|access-date=1 May 2014}}</ref>

==Bank of India Group==
BOIUL is a member of the Bank of India Group, a financial services [[conglomerate (company)|conglomerate]] whose shares are listed on the [[Bombay Stock Exchange]]. The stock of the group is 65.9 percent owned by the [[Government of India]]. The group is one of the five largest banks in India, with over 5,000 branches, spread over 23 countries (60 offices) and over 8,000 [[Automated teller machine|ATMs]]. The member companies of Bank of India Group include but are not limited to the following:<ref>{{cite web|url=http://allafrica.com/stories/201207021723.html|
title=Bank of India Returns to Uganda |access-date=1 May 2014 | first=Eriosi |last=Nantaba |date=1 July 2012 |
publisher=[[East African Business Week]] via [[AllAfrica.com]]}}</ref>
{{columns-list|colwidth=30em|
* [[Bank of India]]: [[India]]
* Bank of India (Botswana): [[Botswana]]<ref>{{cite web|
url=http://www.bankofindia.co.bw/english/Aboutus.aspx|title=About Bank of India (Botswana)|access-date=1 May 2014|publisher=Bank of India (Botswana)}}</ref>
* [[Bank of India (Kenya)]]: [[Kenya]]
* Bank of India (Tanzania): [[Tanzania]]
* Bank of India (Uganda): [[Uganda]]
* [[Indo-Zambia Bank Limited]]: [[Zambia]] (20 percent shareholding)
* Bank of India (South Africa): [[South Africa]]
* Bank of India (New Zealand): [[New Zealand]]
* Bank of India: [[New York City|New York]]
* Bank of India: [[London]]
* Bank of India: [[Paris]]
* Bank of India: [[Tokyo]]
* Bank of India: [[Hong Kong]]
* Bank of India: [[Singapore]]
}}

==Location==
BOIUL has two branches located at 37 Jinja Road, [[Kampala-Jinja Highway]], [[Kampala]] and at Equatorial Mall, Bombo Road, Kampala.<ref>{{cite web|access-date=20 February 2018 | url=http://www.boiuganda.co.ug/english/contact_us.aspx |
title=The Branches of Bank of India (Uganda) |date=20 February 2018 |publisher=Bank of India (Uganda) (BOIUL) |author=BOIUL | location=Kampala}}</ref>

==See also==
{{columns-list|colwidth=30em|
* [[List of banks in Uganda]]
* [[Bank of Uganda]]
* [[Banking in Uganda]]
* [[Bank of India]]
* [[Economy of Uganda]]
}}

==References==
{{reflist|30em}}

==External links==
* [http://www.bou.or.ug/bou/home.html Website of Bank of Uganda] {{Webarchive|url=https://web.archive.org/web/20120228045357/http://www.bou.or.ug/bou/home.html |date=2012-02-28 }}
* [http://www.bankofindia.com/ Website of Bank of India]
* [https://www.theeastafrican.co.ke/business/Ugandan-banks-suffer-effects-of-bad-loans--expansion-in-2012-/-/2560/1849400/-/item/1/-/7n8dqt/-/index.html Ugandan Banks Suffer Effects of Bad Loans, Expansion in 2012]

{{Authority control}}
{{Kampala District}}

[[Category:Banks of Uganda]]
[[Category:Banks established in 2012]]
[[Category:Companies based in Kampala]]