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The Boy Is Mine (song)
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"The Boy Is Mine"
Single by Brandy and Monica
from the album Never Say Never and The Boy Is Mine
Released
May 19, 1998 (1998-05-19)
Format
Cassette
12"
CD
Recorded
October – December 1997
(Los Angeles, California)
(Atlanta, Georgia)[1]
Genre
R&B
pop
Length
4:54 (album version)
4:03 (radio version)
Label
Atlantic
Songwriter(s)
LaShawn Daniels
Rodney Jerkins
Fred Jerkins III
Japhe Tejeda
Brandy Norwood
Producer(s)
Darkchild
Brandy
Dallas Austin
Brandy singles chronology
"Missing You"
(1996) Missing You1996 "The Boy Is Mine"
(1998) The Boy Is Mine1998 "Top of the World"
(1998) Top of the World1998
Monica singles chronology
"For You I Will"
(1997) For You I Will1997 "The Boy Is Mine"
(1998) The Boy Is Mine1998 "The First Night"
(1998) The First Night1998
"The Boy Is Mine" is a 1998 duet by American singers Brandy and Monica written and composed by LaShawn Daniels, Japhe Tejeda, Fred Jerkins III, Rodney "Darkchild" Jerkins, and Brandy with coproduction by Darkchild and Dallas Austin. It was released as the lead single from both singers' second albums from 1998, Never Say Never by Brandy and The Boy Is Mine by Monica. Inspired by Michael Jackson and Paul McCartney's 1982 duet "The Girl Is Mine", the lyrics of the mid-tempo R&B track revolve around two women fighting over a man.[2]
The song received generally positive reviews from music critics and was the first number-one pop hit for both artists, in the US and internationally. Exploiting the media's presumption of a rivalry between the two young singers,[3] "The Boy Is Mine" became the best-selling song of the year in the US, selling 2.6 million copies, and spent 13 weeks at the top of the US Billboard Hot 100 during the summer of 1998. It became the second song in the history of the chart to ascend directly to number-one from a previous position beneath the Top 20, at number 23, following The Beatles and the 27–1 leap of their single "Can't Buy Me Love" in April 1964. Internationally, the single also achieved a strong charting, peaking at number one in Canada, the Netherlands and New Zealand, while reaching the top five on most of the other charts on which it appeared.[3]
"The Boy Is Mine" was awarded the Grammy Award for Best R&B Performance by a Duo or Group and received nominations for both Record of the Year and Best R&B Song in 1999. At the Billboard Music Awards, the song won in three categories, including Hot 100 Sales Single of Year. In 2008, Billboard listed it 54th on its 50th Anniversary All-Time Hot 100 Top Songs chart, and 18th on the All-Time Top R&B/Hip-Hop Songs countdown.[4]
The music video for the single, directed by Joseph Kahn, starred the singers and Mekhi Phifer. It was nominated for two MTV Video Music Awards, including Video of the Year and Best R&B Video. In 2012, after 14 years, the singers reunited on the single "It All Belongs to Me".
Contents
1 Background and composition
2 Reception
2.1 Chart performance
2.2 Awards and recognitions
3 Music video
4 Live performances
5 Track listings
6 Credits and personnel
7 Charts
7.1 Weekly charts
7.2 Year-end charts
7.3 Decade-end charts
8 Certifications and sales
9 Accolades
10 Release history
10.1 Purchasable release
11 Cover versions and remixes
11.1 Charts
12 See also
13 References
14 External links
Background and composition[edit]
A sample from the song's chorus, featuring both singer's vocals.
The song was partially inspired by "The Girl Is Mine", a 1982 duet by Michael Jackson and Paul McCartney from the former's Thriller (1982).
"The Boy Is Mine" was a song Brandy wrote with Rodney "Darkchild" Jerkins, his brother Fred Jerkins III, Japhe Tejeda, and LaShawn Daniels. The singer came up with its concept while watching an episode of The Jerry Springer Show tabloid talk show, where love triangles among the guests was the theme.[5] Created as a solo track, Brandy originally recorded the song alone.[6] After listening to the result, however, she and Jerkins thought it would work better as a duet,[7] an idea which was further inspired by Paul McCartney and Michael Jackson's 1982 hit duet "The Girl Is Mine".[8] At Brandy's request, her label Atlantic Records approached fellow R&B teen singer Monica to collaborate:[9] The pair had seen each other in passing at award shows and other live events, and Brandy thought a duet would help combat ongoing rumors that the singers were rivals.[7] With the permission of Clive Davis, who headed Monica's record company Arista Records, Monica eventually signed on to the project.[9]
The song has a tempo of 93 beats per minute.[10] Written in the key of C♯ minor, it follows a chord progression of F♯m9–C♯m9, and the vocals span from G♯3 to F♯4.[11]
Originally, the two artists recorded their vocals for the song together with Jerkins and his production team at the Record One Studios in North Hollywood. However, the joint recording was felt to be a failure so Monica re-recorded her vocals separately at the DARP Studios in Atlanta, Georgia with longtime contributor Dallas Austin and turned the song into a more mature pop sound.[7] (Thus, Austin would later share the main production credit alongside Jerkins.[12]) Though both Brandy and Monica repeatedly denied the song reflected any actual rivalry between them, tabloids began writing the opposite. There were claims that Monica was upset when Brandy performed the song solo on The Tonight Show with Jay Leno, and Brandy was reportedly miffed when Monica opted to take the name of the duet for the title of her second album. Following reports that the pair came to blows during a rehearsal for a performance at the MTV Video Music Awards in September 1998, talk of the rivalry became so loud that the singers' managers released a joint statement in which they called the press out for its "disturbing behavior" and called the "ongoing negativity [as] totally unfair."[13] As with "The Boy Is Mine," Jerkins later claimed that both singers "didn’t get along" during production and that he and Dexter Simmons remixed the track seven times to keep everything even.[14] In a 2012 interview with WZMX, Monica spoke about her past relationship with Brandy:
"We were young. We could barely stay in the room with each other. By no means was it jealousy or envy. She and I are polar opposites and instead of embracing that, we used our differences as reasons not to be amongst each other."[15]
Reception[edit]
Chart performance[edit]
On June 6, 1998, "The Boy Is Mine" became both singers' first number-one hit and fifth top ten entry for each on the US Billboard Hot 100.[16] Bouncing from number 23 to the top spot, it became the second song in the history of the chart to ascend directly to number-one from a previous position beneath the Top 20, following The Beatles and the 27–1 leap of their single "Can't Buy Me Love" in April 1964.[16] In addition, it was the first number-one collaboration between solo women since 1979's two-weeks number-one run of "No More Tears (Enough Is Enough)," performed by Barbra Streisand and Donna Summer.[17] The same week, "The Boy Is Mine" also moved to number-one on the Hot R&B Singles, Hot 100 Singles Sales and Hot Dance Music/Maxi-Singles Sales charts.[16] Within the first month of its purchasable release the song went on to sell 605,000 units.[18] It spent thirteen consecutive weeks atop the Billboard Hot 100 and has since been ranked among the longest running number-one songs in US chart history, sharing this record with Boyz II Men's "End of the Road" (1992). "The Boy Is Mine" was the best-selling single of 1998 in the US, with sales of 2,591,000, with the second best-selling single being Next's "Too Close".[19][20] It was certified double platinum by the Recording Industry Association of America (RIAA) and was ranked eighth on Billboard's Decade-End Charts.[21] The song spent 18 weeks in the top 10 and a total of 27 weeks in the Top 50.[citation needed]
Outside the US, "The Boy Is Mine" reached the top-ten in over 14 countries and topped the chart in Canada, the Netherlands and New Zealand. In Canada, the song debuted on the RPM Singles Chart at number 74 on the RPM issue dated June 1, 1998,[22] and reached the top spot of the chart on August 21, 1998.[23] It was present on the chart for a total of 45 weeks.[24] It reached the top two in Belgium, France (platinum), Ireland, Norway (gold), and the United Kingdom (platinum); the top-five in Australia, Germany (gold), Sweden, and Switzerland (gold) and the top-ten in Austria (gold) and Italy.[25]
Awards and recognitions[edit]
The single won many awards throughout 1998 and 1999. It was nominated for three Grammy Awards at the 41st annual ceremony, winning both singers their first prize by the National Academy of Recording Arts and Sciences in the Best R&B Performance by a Duo or Group with Vocals category. It, however, lost in its nominations for Record of the Year and Best R&B Song to Celine Dion's "My Heart Will Go On" and Lauryn Hill's "Doo Wop (That Thing)" respectively. The song garnered three Billboard Music Awards. It is listed as the 62nd on the most successful singles in France ever.[26] It is also listed among one of the most successful 200 singles in Australia, Netherlands and Belgium in music history.[27]
It was listed as number 55 of the Hot 100 singles of all time by Billboard[28] in 1998. This position was raised to number 54 in 2008.[29] In addition, it was listed 18th on the All-Time Top R&B/Hip-Hop Songs countdown.[4] In 2008, Billboard ranked the song third on a special The 40 Biggest Duets of All Time listing.[14] The song is the best-selling song of 1998 in the United States with 2.6 million copies sold.[30]
Music video[edit]
The official music video uses the radio edit version without the intro. The video begins with the girls in their respective apartments, watching television on their long couches. While Brandy watches an episode of The Jerry Springer Show, Monica accidentally turns Brandy's TV, with her remote, to an old romantic movie which Monica watches on her own TV. Whenever one of them turns the channel, the other's TV stays on that channel and they soon tire of the back and forth. They then start to sing the song. The next scene shows the two discussing their problem among their separate groups of friends. The "boy" himself (played by Mekhi Phifer) then appears outside the two girls' apartments, which are next to each other; all their friends walk by him as they exit their respective friend's place. The girls are in their pajamas in the next scene, and then each phones the boy over to make him decide whom he wants to be with. After Brandy and Monica fight with the song's lyrics, the man comes to the left apartment, frustrated over whom to choose. The door opens, showing Brandy. Then it swings a little wider to reveal Monica as well. The boy is taken aback, and the door is slammed in his face.
The video, filmed in April 1998 and used 90-degree tilts to depict the drama and the playfulness between the two. It was nominated for two 1998 MTV Video Music Awards, for Best R&B Video and Video of the Year, but lost to both Wyclef Jean's "Gone Till November" and Madonna's "Ray of Light" respectively.
Live performances[edit]
Brandy first performed the song by herself on The Tonight Show. Following that, she and Monica first performed it together at the 1998 MTV Video Music Awards in Los Angeles at the Gibson Amphitheatre on September 10, 1998,[31] an event which remains, to date, Brandy and Monica's only television broadcast performance of the song. The pair came together a second time on December 16, 2008 for a surprise performance at Atlanta’s V103 Soul Session, singing it a cappella.[32]
In 2012, they performed the song with their new duet "It All Belongs To Me" at V-103's "Conversation/Soul Session".[33]
Track listings[edit]
U.S. maxi CD single
"The Boy Is Mine" (album version)
"The Boy Is Mine" (club mix)
"The Boy Is Mine" (radio version; with intro)
"The Boy Is Mine" (album instrumentals)
"The Boy Is Mine" (a cappella)
2-Track CD single
"The Boy Is Mine" (album version)
"The Boy Is Mine" (instrumental)
European maxi CD / Australian CD
"The Boy Is Mine" (radio edit without intro) – 4:00
"The Boy Is Mine" (radio edit with intro) – 4:00
"The Boy Is Mine" (LP version) – 4:51
"The Boy Is Mine" (club version) – 7:39
Credits and personnel[edit]
Brandy Norwood – music production, songwriting, lead vocals, background vocals
Monica Arnold – lead vocals
Dallas Austin – Monica's vocal production
Leslie Brathwaite – recording engineer
LaShawn Daniels – Brandy's vocal production, vocal arrangements, songwriting
The Darkchild Orchestra – strings
Ben Garrison – music recording
Larry Gold – string arrangements
Rodney Jerkins – music production, Brandy's vocal production, vocal arrangements, string arrangements, songwriting, mixing
Carlton Lynn – engineering assistant
Victor McCoy – engineering assistant
Isaac Phillips – guitar
Dexter Simmons – music recording, audio mixing
Chris Tergesen – string section recording engineer
Greg Thompson – engineering assistant[12]
Charts[edit]
Weekly charts[edit]
Chart (1998–1999)
Peak
position
Australia (ARIA)[34] 3
Austria (Ö3 Austria Top 40)[35] 6
Belgium (Ultratop 50 Flanders)[36] 4
Belgium (Ultratop 50 Wallonia)[37] 2
Canada Top Singles (RPM)[38] 1
Canada Dance (RPM)[39] 1
Canada Urban (RPM)[40] 1
Denmark (IFPI)[41] 3
Europe (European Hot 100 Singles)[42] 2
France (SNEP)[43] 2
Germany (Official German Charts)[44] 5
Iceland (Íslenski Listinn Topp 40)[45] 2
Ireland (IRMA)[46] 2
Italy (FIMI)[47] 10
Netherlands (Dutch Top 40)[48] 1
Netherlands (Single Top 100)[49] 1
New Zealand (Recorded Music NZ)[50] 1
Norway (VG-lista)[51] 2
Scotland (Official Charts Company)[52] 22
Sweden (Sverigetopplistan)[53] 3
Switzerland (Schweizer Hitparade)[54] 3
UK Singles (Official Charts Company)[55] 2
UK Dance (Official Charts Company)[56] 7
UK R&B (Official Charts Company)[57] 1
US Billboard Hot 100[58] 1
US Hot R&B/Hip-Hop Songs (Billboard)[59] 1
US Mainstream Top 40 (Billboard)[60] 3
US Rhythmic (Billboard)[61] 1
Year-end charts[edit]
Chart (1998)
Position
Australia (ARIA)[62] 17
Austria (Ö3 Austria Top 75)[63] 22
Belgium (Ultratop 50 Flanders)[64] 35
Belgium (Ultratop 50 Wallonia)[65] 10
Europe (European Hot 100 Singles)[66] 9
France (SNEP)[67] 5
Germany (Official German Charts)[68] 17
Netherlands (Mega Single Top 100)[69] 8
New Zealand (Recorded Music NZ)[70] 3
Switzerland (Schweizer Hitparade)[71] 13
UK Singles (Official Charts Company)[72] 12
US Billboard Hot 100[73] 2
Decade-end charts[edit]
Chart (1990–1999)
Position
US Billboard Hot 100[21] 8
UK Singles (Official Charts Company) 99
Certifications and sales[edit]
Region
Certification
Certified units/Sales
Australia (ARIA)[74]
Platinum 70,000^
Belgium (BEA)[75]
Platinum 50,000*
France (SNEP)[76]
Platinum 662,000[77]
Germany (BVMI)[78]
Gold 250,000^
Netherlands (NVPI)[79]
Platinum 75,000^
New Zealand (RMNZ)[80]
Platinum 10,000*
Norway (IFPI Norway)[81]
Gold 5,000*
Sweden (GLF)[82]
Gold 15,000^
Switzerland (IFPI Switzerland)[83]
Gold 25,000^
United Kingdom (BPI)[84]
Platinum 625,000[85]
United States (RIAA)[86]
2× Platinum 2,591,000[19]
*sales figures based on certification alone
^shipments figures based on certification alone
Accolades[edit]
Acclaimed Music[87]
Publication
Country
Accolade
Year
Rank
Billboard United States 1,001 Songs You Must Hear Before You Die, and 10,001 You Must Download 2010 -
Bruce Pollock - The 7,500 Most Important Songs of 1944-2000 2005 -
Michaelangelo Matos - Top 100 Singles of the 1990s 2001
(*) designates lists that are unordered.
Release history[edit]
Purchasable release[edit]
Release dates, record label and format details
Country
Date
Format
United States[18]
May 5, 1998 Radio
United States[18]
May 19, 1998 CD single
Cover versions and remixes[edit]
Riley as Mercedes (left) and Rivera as Santana (right) recorded a cover version of the song.
In 1998, UK garage group Architechs remixed "The Boy Is Mine", and released it as a white label bootleg which eventually sold 20,000 copies. This remix became highly popular due to incessant airplay on pirate radio.[88]
In 2001, Brandy and Monica's vocals were merged with Modjo's 2000 dance hit single "Lady (Hear Me Tonight)" by British DJs Stuntmasterz. Starting as an underground hit, "The Ladyboy Is Mine" was later commercially released to become a moderate hit across Europe, reaching the top ten in the United Kingdom, Belgium and the top forty in France and Switzerland. The commercial release didn't include the vocal sample from Modjo's "Lady" as Warner Brothers label East West were unable to clear it. Instead the release used the same sample from Chic's "Soup for one" and created an alternate version that only featured Brandy and Monica.[89]
A remixed version of the song by pop singers Tynisha Keli, an American working in Japan, and Beni, a Japanese singer, was released in 2009.
In 2015, the French girl band When We Were Young released a version in their language featuring the French rapper Dry.[90]
The same year, "The Boy Is Mine" was sampled on "The Girl Is Mine" by British music duo 99 Souls.
In 2016, the song was covered by producer J2 and featured StarGzrLily and Anjolee The Free. It was used in the trailers for the 2016 US film When the Bough Breaks, starring Morris Chestnut and Regina Hall.[91]
Charts[edit]
Chart (2010)
Peak
position
US Billboard Hot 100 76
UK Singles Chart 62
Irish Singles Chart 46
Canadian Hot 100 60
ARIA Charts 90
See also[edit]
List of Billboard Hot 100 chart achievements and milestones
List of Hot 100 number-one singles of 1998 (U.S.)
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Jump up ^ "Top 50 Singles Chart, 30 May 1998". Recording Industry Association of New Zealand. Retrieved 2012-01-05.
Jump up ^ "IFPI Norsk platebransje Trofeer 1993–2011" (in Norwegian). IFPI Norway. Retrieved October 9, 2012.
Jump up ^ "Guld- och Platinacertifikat − År 1987−1998" (PDF) (in Swedish). IFPI Sweden. Retrieved October 9, 2012.
Jump up ^ "The Official Swiss Charts and Music Community: Awards (Brandy & Monica; 'The Boy Is Mine')". IFPI Switzerland. Hung Medien. Retrieved October 9, 2012.
Jump up ^ "British single certifications – Brandy & Monica – The Boy Is Mine". British Phonographic Industry. Retrieved October 9, 2012. Select singles in the Format field. Select Platinum in the Certification field. Enter The Boy Is Mine in the search field and then press Enter.
Jump up ^ "Your ultimate eclipse-themed song: Brandy – Full Moon".
Jump up ^ "American single certifications – Brandy & Monica – The Boy Is Mine". Recording Industry Association of America. If necessary, click Advanced, then click Format, then select Single, then click SEARCH
Jump up ^ "Brandy and Monica: The Boy Is Mine". Acclaimed Music. partial listing
Jump up ^ Simon Reynolds. "Simon Reynolds's Video Countdown: UKG x R&B". Red Bull Music Academy. Retrieved 2014-01-16.
Jump up ^ "Stuntmasterz– The Lady Boy Is Mine swisscharts.com". Swiss Singles Chart. Hung Medien. Retrieved 2011-05-23.
Jump up ^ Les Charts: When We Were Young - "The Boy Is Mine" page
Jump up ^ J2 Producer (16 August 2016). "WHEN THE BOUGH BREAKS TRAILER SONG 'The Boy Is Mine' J2 Feat StarGzrLily & Anjolee The Free" – via YouTube.
External links[edit]
"The Boy Is Mine" music video on MTV.com
show
v
t
e
Brandy Norwood songs
Brandy
"Baby"
"Best Friend"
"Brokenhearted"
"I Wanna Be Down"
Never Say Never
"Almost Doesn't Count"
"Angel in Disguise"
"(Everything I Do) I Do It for You"
"Have You Ever?"
"Never Say Never"
"The Boy Is Mine"
"Top of the World"
"U Don't Know Me (Like U Used To)"
Full Moon
"Another Day in Paradise"
"Die Without You"
"Full Moon"
"He Is"
"What About Us?"
Afrodisiac
"Afrodisiac"
"Should I Go"
"Talk About Our Love"
"Turn It Up"
"Who Is She 2 U"
Human
"Long Distance"
"Right Here (Departed)"
"True"
Two Eleven
"Put It Down"
"Scared of Beautiful"
"Wildest Dreams"
Other songs
"Beggin & Pleadin"
"It All Belongs to Me"
"Magic"
"Missing You"
"Optimistic"
"Rock with You"
"Sittin' Up in My Room"
"Stuff Like That"
"Talk to Me"
"The Girl Is Mine"
"Wake Up Everybody"
"We Are the World 25 for Haiti"
"Where Are You Now?"
show
v
t
e
Monica songs
Discography
Miss Thang
"Before You Walk Out of My Life"
"Don't Take It Personal (Just One of Dem Days)"
"Let's Straighten It Out"
"Like This and Like That"
"Why I Love You So Much"
The Boy Is Mine
"Angel of Mine"
"Gone Be Fine"
"Inside"
"Misty Blue"
"Right Here Waiting"
"Street Symphony"
"The Boy Is Mine"
"The First Night"
All Eyez on Me
"All Eyez on Me"
"Too Hood"
After the Storm
"Get It Off"
"Knock Knock"
"So Gone"
"U Should've Known Better"
The Makings of Me
"A Dozen Roses (You Remind Me)"
"Everytime tha Beat Drop"
"Hell No (Leave Home)"
"Sideline Ho"
Still Standing
"Everything to Me"
"Here I Am"
"Love All Over Me"
"Still Standing"
New Life
"Anything (To Find You)"
"It All Belongs to Me"
"Until It's Gone"
"Without You"
Code Red
"Just Right for Me"
As featured artist
"Always"
"Freedom (Theme from Panther)"
"Hold On"
"I Ain't Trying to Hear It"
"I'll Give All My Love to You"
"Slow Jam"
"Somebody Bigger Than You and I"
"Trust"
"Wake Up Everybody"
"What's Going On (Dupri R&B Mix)"
Other songs
"Ain't Nobody"
"For You I Will"
"Grown-Up Christmas List"
"Have Yourself a Merry Little Christmas"
"I've Got to Have It"
"Just Another Girl"
Retrieved from "https://en.wikipedia.org/w/index.php?title=The_Boy_Is_Mine_(song)&oldid=856435856"
Categories:
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Bank of India
From Wikipedia, the free encyclopedia
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Bank of India
Type
Public
Traded as
BSE: 532149
NSE: BANKINDIA
Industry
Banking, Financial services
Founded
7 September 1906; 111 years ago (1906-09-07)
Headquarters
Mumbai, India
Key people
Dinbandhu Mohapatra (MD & CEO)
Products
Commercial Banking
Retail Banking
Private Banking
Asset Management
Mortgages
Credit Cards
Revenue
₹41,796.47 crore (US$6.5 billion)(2016)[1]
Operating income
₹6,036 crore (US$940 million)(2016)[1]
Net income
₹-6,089.22 crore (US$−950 million) (2016)[1]
Total assets
₹609,913.93 crore (US$95 billion) (2016)[1]
Owner
Government of India
Number of employees
45,613 (2015)[2]
Capital ratio
12.01% (2016)[1]
Website
www.bankofindia.com
Bank of India (Hindi: बैंक ऑफ़ इंडिया) (BoI) is commercial bank with headquarters at Bandra Kurla complex, Mumbai. Founded in 1906, it has been government-owned since nationalisation in 1969. Bank of India has 5100 branches as on 31 January 2017, including 56 offices outside India, which includes five subsidiaries, five representative offices, and one joint venture.[citation needed] BoI is a founder member of SWIFT (Society for Worldwide Inter Bank Financial Telecommunications), which facilitates provision of cost-effective financial processing and communication services.
Contents
[hide]
1 History
1.1 The current bank
1.2 CMDs since nationalisation
2 References
3 External links
History[edit]
Bank of India was founded on 7 September 1906 by a group of eminent businessmen from Mumbai, Maharashtra, India. The Bank was under private ownership and control till July 1969 when it was nationalised along with 13 other banks.
Beginning with one office in Mumbai, with a paid-up capital of ₹5 million (US$78,000) and 50 employees, the Bank has made a rapid growth over the years and blossomed into a mighty institution with a strong national presence and sizable international operations. In business volume, the Bank occupies a premier position among the nationalised banks.
The bank has 4,963 branches in India spread over all states/ union territories including specialised branches. These branches are controlled through 54 Zonal Offices. There are 60 branches/ offices and 5 Subsidiaries and 1 joint venture abroad.
The Bank came out with its maiden public issue in 1997 and follow on Qualified Institutions Placement in February 2008.
The current bank[edit]
Bank of India, Mumbai Main Branch
The earlier holders of the Bank of India name had failed and were no longer in existence by the time a diverse group of Hindus, Muslims, Parsees, and Jews helped establish the present Bank of India in 1906 in Bombay. It was the first bank in India whose promoters aimed to serve all the communities of India. At the time, banks in India were either owned by Europeans and served mainly the interests of the European merchant houses, or by different communities and served the banking needs of their own community.
The promoters incorporated the Bank of India on 7 September 1906 under Act VI of 1882, with an authorised capital of ₹10 million (US$160,000) divided into 100,000 shares each of ₹100 (US$1.60). The promoters placed 55,000 shares privately, and issued 45,000 to the public by way of IPO on 3 October 1906; the bank commenced operations on 1 November 1906.
The lead promoter of the Bank of India was Sir Sassoon J. David (1849–1926). He was a member of the Sassoon family, who in turn were part of a Bombay community of Baghdadi Jews that was notable for its history of social service. Sir David was a prudent banker and remained the bank's chief executive from its founding in 1906 until his death in 1926.
The first board of directors of the bank consisted of Sir Sassoon David, Sir Cowasjee Jehangir, J. Cowasjee Jehangir, Sir Frederick Leigh Croft, Ratanjee Dadabhoy Tata, Gordhandas Khattau, Lalubhai Samaldas, Khetsety Khiasey, Ramnarain Hurnundrai, Jenarrayen Hindoomull Dani, and Noordin Ebrahim Noordin.
In 1921, BoI entered into an agreement with the Bombay Stock Exchange to manage its clearing house.
BoI's international expansion began in 1946 when the bank BoI opened a branch in London, the first Indian bank to do so. This was also the first post-World War II overseas branch of any Indian bank.
The 1950s saw BoI open numerous branches abroad: Tokyo and Osaka in 1950, Singapore in 1951, Kenya and Uganda in 1953, Aden in 1953 or 1954, and Tanganyika in 1955.
After a brief hiatus, BoI returned to international expansion, opening a branch in Hong Kong in 1960. A branch in Nigeria followed in 1962.
Then came nationalizations abroad, and at home. The Government of Tanzania nationalised BoI's operations in Tanzania in 1967 and folded them into the government-owned National Commercial Bank, together with those of Bank of Baroda and several other foreign banks. Two years later, in 1969, the Government of India nationalised the 14 top banks, including Bank of India. In the same year, the People's Democratic Republic of Yemen nationalised BoI's branch in Aden, and the Nigerian and Ugandan governments forced BoI to incorporate its branches in those countries. The next year, National Bank of Southern Yemen incorporated BoI's branch in Yemen, together with those of all the other banks in the country; this is now National Bank of Yemen. BoI was the only Indian bank in the country.
In 1972 BoI sold its Uganda operation to Bank of Baroda. The next year BoI opened a representative office in Jakarta.
In 1974 BoI opened a branch in Paris. This was the first branch of an Indian bank in Europe.
In 1976 the Nigerian government acquired 60% of the shares in Bank of India (Nigeria).
In 1978 BoI opened a branch in New York. Also in the 1970s, BoI opened an agency in San Francisco.
In 1980 Bank of India (Nigeria), changed its name to Allied Bank of Nigeria to reflect the fact that it was no longer a subsidiary of Bank of India.
In 1986 BoI acquired Parur Central Bank in (Ernakulam District, Kerala State) in a rescue. Parur Central Bank (or Karur Central Bank, or Paravur Central Bank) had been founded in 1930, and at the time of its failure had 51 branches. BoI amalgamated Parur Central Bank in 1990.
The next year, 1987, BoI took over the three UK branches of Central Bank of India (CBI). CBI had been caught up in the Sethia fraud and default and the Reserve Bank of India required it to transfer its branches.
2003: BoI opened a representative office in Shenzhen.
2005: BoI opened a representative office in Vietnam.
2006: BoI plans to upgrade the Shenzen and Vietnam representative offices to branches, and to open representative offices in Beijing, Doha, and Johannesburg. In addition, BoI plans to establish a branch in Antwerp and a subsidiary in Dar-es-Salaam, marking its return to Tanzania after 37 years.
In 2007 BoI acquired 76% of Indonesia-based PT Bank Swadesi.
BoI established a wholly owned subsidiary, Bank of India (New Zealand) Ltd., in Auckland, New Zealand on 6 October 2011. Then BoI established a wholly owned subsidiary, Bank of India (Uganda) Ltd., on 18 June 2012. Most recently, BoI opened its wholly owned subsidiary Bank of India (Botswana) Ltd., on 9 August 2013.
CMDs since nationalisation[edit]
1969–1970 : Tribhovandas Damodardas Kansara
1970–1975 : J.N.Saxena
1975–1977 : C.P.Shah
1977–1980 : H C Sarkar
1981–1984 : N Vaghul
1984–1986 : T. Tiwari
1987–1991 : R. Srinivasan
1992–1995 : G. S. Dahotre
1995–1997 : G. Kathuria
1997–1998 : M.G.Bhide
1998–2000 : S Rajagopal
2000–2003 : K.V.Krishnamurthy
2003–2005 : M.Venugopalan
2005–2007 : M Balachandran
2007–2009 : T. S. Narayanswami
2009–2012 : siva kuma A from chennai (Former chairman of Indian Bank's Association)
2012–2015 : Ms. V.R.Iyer [3]
2015–2015 : B.P. Sharma [Executive Director with Additional charge as MD & CEO]
2015–2017 : Melwyn Rego [MD & CEO]
2017– : Dinabandhu Mohapatra [MD & CEO] [4]
References[edit]
^ Jump up to: a b c d e "Annual Report of bank of india" (PDF).
Jump up ^ http://www.bankofindia.co.in/UserFiles/File/BOIAR20142015_Final.pdf
Jump up ^ "List of Public Companies Worldwide, Letter - Businessweek - Businessweek".
Jump up ^ "Govt appoints heads of 7 public sector banks; managing directors of PNB, BoI shifted". Hindustan Times. 5 May 2017.
External links[edit]
Official website
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