Bank of India


277 Park Ave
New York, NY 10017
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.85% →
1-Year CD N.A. 0.75% →
2-Year CD N.A. 0.80% →
5-Year CD N.A. 1.25% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

Bank of India is an FDIC insured institution located in New York, NY. It was founded in 1906 and has approximately $4 billion in assets.

FDIC Insured Yes
FDIC Certificate # 33648
Date Established 1906
Assets $ 4.00 billion
Loans $ 1,651.52 million
Deposits $ 1,770.07 million
Capital N.A.

For a more detailed analysis of Bank of India's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - October 22, 2021

Your Current Location: Connecticut, CT 06828


Loan Rates - October 22, 2021

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Bank of India

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Connecticut 30 Year Fixed Mortgage Rates 2021

Lender APR Rate (%) Monthly
Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
3.736% 3.625%
0.88 points
$3,438 fees
$1,141 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR 2.990 %
After Intro: 3.750 %
Intro Period: 12 months
$25,000 Learn More
More Info
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
2.240 %
$0 Learn More
More Info

Note to Bank of India
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Financial Details

Bank of India Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Bank of India. The data is provided by the FDIC. All banks listed on are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Bank of India U.S. Bank Average
NAN% 4.78%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of June 30, 2021, Bank of India had $0 in non-current loans and $0 in owned real estate. To cover these potential losses it had $0 in equity and $0 in loans loss reserves. That gives it a Texas Ratio of NAN%.

Return on Equity
Bank of India U.S. Bank Average
0% 11.29%

Bank of India has a Return on Equity of 0% versus the BestCashCow average of 11.29%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Bank of India U.S. Bank Average
0% 11.72%

Bank of India has a Capitalization of 0% versus the BestCashCow average of 11.72. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Bank of India Balance Sheet Analysis

As of June 30, 2021, Bank of India had assets of $3,999,533,000, loans of $1,651,515,000, and deposits of $1,770,068,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

June 30, 2021
Cash & Balances due from depository institutions $ 2.31 billion
Interest-bearing balances N.A.
Total securities $ 19.46 million
Federal funds sold and reverse repurchase $ 5.00 million
Net loans and leases $ 1,651.52 million
Loan loss allowance N.A.
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets $ 9.04 million
     Total Assets $ 4.00 billion
Total deposits $ 1,770.07 million
      Interest-bearing deposits N.A.
      Deposits held in domestic offices $ 1,770.07 million
      % insured (estimated) 88.33%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 2.23 billion
      Total Liabilities $ 4.00 billion
      Shareholders’ Equity N.A.

Summary Income Statement

June 30, 2021
Total Interest Income N.A.
Total Interest Expense N.A.
Net interest income N.A.
Provision for loan and lease losses N.A.
Total non interest income N.A.
Total non interest expense N.A.
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

The top three loan types in Bank of India’s loan portfolio are Commercial and Industrial Loans, 1-4 Family Residential Loans, and Multifamily Mortgages.

Compared to other banks, Bank of India’s loan portfolio does not show any specific loan specialty.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 0.00
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.00
Construction and Development Loans 0.00
Commercial Real Estate 0.00
Commercial and Industrial Loans 28.92
Farm Loans 0.00

Frequently Asked Questions About Bank Of India

Branches and Savings

Is Bank Of India FDIC insured?

Yes. It is covered under FDIC Certificate #33648.

Why does Bank Of India pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Bank Of India CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Bank Of India a commercial bank?


Where are Bank Of India locations?

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Is Bank Of India open on Saturdays?

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Do Bank Of India checks expire?

Does Bank Of India require US citizenship to open account?

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Does Bank Of India Report to credit bureaus?

Does Bank Of India Use Equifax?

What is Bank Of India's ACH Routing Number?

What is Bank Of India's SWIFT code?


Does Bank Of India offer mortgages?

Compare mortgage rates here.

Does Bank Of India offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Bank Of India offer personal loans?

Compare personal loan rates here.

Does Bank Of India offer student loans?

Will Bank Of India cash a check?

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Does Bank Of India cash savings bonds?

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Can Bank Of India issue a money order?

Does Bank Of India do currency exchange?

Background on The Bank

Who owns Bank Of India?

How long has Bank Of India been around?

Can Bank Of India transfer to other banks?

Does Bank Of India have quick pay?

Does Bank Of India accept rolled coins?

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