Mumbai, Maharashtra, India, October 2025 — Prabodh Parikh has been appointed as the Shareholder Director at Bank of India, following an unopposed election — a development that underscores the bank’s ongoing commitment to experienced leadership and robust governance. His appointment marks a significant step toward strengthening the institution’s strategic direction and operational excellence as it advances its growth agenda in a dynamic banking landscape.
With an illustrious career spanning over three decades in the banking sector, Prabodh brings deep expertise in project finance, corporate banking, and risk management. He previously served as Deputy Managing Director and Chief Operating Officer at the State Bank of India (SBI), where he played a pivotal role in driving strategic business transformation, operational efficiency, and large-scale financial initiatives across India’s largest public sector bank.
Before this, Prabodh was deputed to the National Bank for Financing Infrastructure and Development (NaBFID) as Officer on Special Duty, contributing to the establishment and operationalization of India’s principal development financial institution focused on infrastructure financing. His efforts were instrumental in setting up the foundation for one of India’s most significant financial institutions designed to catalyze infrastructure growth.
Earlier in his distinguished career with SBI, Prabodh served as Vice President and Head of Credit at the bank’s New York office, managing international credit operations and risk frameworks, and later led the Project Finance and Structuring Strategic Business Unit in India. His extensive experience across domestic and global operations has equipped him with a comprehensive understanding of both traditional banking and modern financial innovation.
As Shareholder Director, Prabodh is expected to leverage his vast experience in governance, strategic policy, and risk oversight to strengthen Bank of India’s leadership framework and ensure continued alignment with the bank’s mission of sustainable growth and financial inclusion.
About Bank of India
Founded in 1906, Bank of India is one of India’s premier nationalized banks with a rich legacy of over a century in financial excellence. Headquartered in Mumbai, the bank operates through a robust network of over 5,100 branches across India, including specialized and zonal offices, and maintains an extensive international presence with 23 foreign branches, 4 subsidiaries, 1 representative office, and 1 joint venture abroad.
As a cornerstone of India’s banking ecosystem, Bank of India remains committed to advancing digital transformation, financial inclusion, and customer-centric innovation while upholding the highest standards of transparency and governance.
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