Bank of India Uganda
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Founded Date January 1, 1900
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Sectors Administration
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Posted Jobs 1
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Viewed 22
Company Description
Bank of India (Uganda) Limited is a fully owned subsidiary of the Bank of India, a major public sector bank established in India in 1906. The Ugandan subsidiary officially commenced operations on June 18, 2012, after receiving its license under the Financial Institutions Act of 2004. Its headquarters and main branch are located at Picfare House on Jinja Road in Kampala. The institution aims to bridge financial services by leveraging over a century of international banking expertise.
The bank’s primary objective is to serve as a key financial partner for corporate clients, medium-sized enterprises, and up-market retail customers. At the same time, it engages in developmental banking by offering cost-effective services tailored to micro and small businesses. Its comprehensive portfolio includes local and foreign currency savings and current accounts, fixed and recurring deposits, as well as specialized credit facilities.
In addition to standard retail and corporate lending, the institution provides essential trade finance solutions. These offerings feature swift electronic fund transfers, letters of credit, bill discounting, and performance or financial bank guarantees. It also caters to specific demographics through tailored offerings like Non-Resident Indian (NRI) banking services, facilitating overseas account management and global transactions. [
Operating within the local regulatory framework, Bank of India Uganda Limited is officially licensed and regulated by the Bank of Uganda. To safeguard consumer trust, eligible customer deposits maintained with the bank are protected up to applicable limits by the Deposit Protection Fund of Uganda (DPF). Through steady operations in Kampala and online platforms, the bank continues to support bilateral trade and financial inclusion in the region.