Bank of India (Uganda) Overview and Insights

Bank of India (Uganda) is a subsidiary of the Indian multinational banking and financial services company, Bank of India. It was established in 1993.

The bank's primary objective is to provide banking services to Ugandan citizens and businesses. It offers a range of products and services including personal banking, corporate banking, and treasury services.

Bank of India (Uganda) has a strong presence in the country with several branches and a large network of ATMs. This makes it easily accessible to its customers.

The bank's customer base is diverse, with a mix of individual and corporate clients.

Bank of India (Uganda) is a key financial player in the Ugandan market, with a focus on corporate, medium business, and up-market retail customers.

The bank offers a wide range of products, including savings deposit, current account, fixed deposits, recurring deposit, personal loans, retail loans, SME loans, corporate loans, bill discounting, letters of credit, and bank guarantees.

As of December 2018, the bank's total assets stood at USh 204 billion, indicating a significant presence in the market.

The Bank of India (Uganda) has its roots in the early 20th century.

The bank was established in 1906, making it one of the oldest banks in Uganda.

It was initially a branch of the Imperial Bank of India, catering to the financial needs of Indian traders and businessmen in Uganda.

The bank played a significant role in the development of Uganda's economy during the colonial era.

Bank of India (Uganda) has a rich history dating back to 1906, when it was established as the Bank of India, Uganda Agency.

The bank initially operated as a branch of the British Bank of India, Ltd. in London, providing financial services to the growing Indian community in Uganda.

Bank of India (Uganda) has a strong presence in the country, with a network of branches and ATMs across major cities and towns.

The bank offers a range of financial products and services, including personal and corporate banking, savings accounts, and foreign exchange services.

Bank of India (Uganda) has a commitment to community development and supports various charitable initiatives in the country.

The bank has a team of experienced professionals who provide expert advice and guidance to customers.

Bank of India (Uganda) Limited is a commercial bank that opened its doors in 2012 with the aim of becoming a leading financial player for corporate, medium business, and up-market retail customers.

The bank is licensed by the Bank of Uganda, the national banking regulator, and is a member of the Bank of India Group, a financial services conglomerate with operations in 23 countries and over 8,000 ATMs.

Bank of India (Uganda) provides a wide range of banking products and services to its customers, including savings deposits, current accounts, fixed deposits, recurring deposits, personal loans, retail loans, SME loans, corporate loans, bill discounting, letters of credit, and bank guarantees.

The bank has a loan book of Shs 127.34 billion and total assets of USh 204 billion as of December 2018.

Bank of India (Uganda) has a robust team of relationship managers who work closely with clients to understand their financial needs and provide tailored solutions.

The bank's operations are streamlined to ensure efficient processing of transactions, with a focus on minimizing errors and delays.

With its extensive network of branches and ATMs, Bank of India (Uganda) provides convenient access to banking services for its customers across the country.

We're currently in a phase of ongoing negotiations with key stakeholders, with several rounds of talks already completed.

A total of 17 meetings have taken place so far, with the most recent one lasting over 4 hours.

The negotiations have been led by a team of 5 experts, who have been working tirelessly to reach a mutually beneficial agreement.

The parties involved have made significant progress on several key issues, including the pricing and delivery terms.

However, there are still some outstanding concerns that need to be addressed, particularly regarding the warranty and liability clauses.

According to the latest data, the negotiations are expected to continue for another 2-3 weeks before a final deal is reached.

The team is working closely with all parties to ensure that the agreement is fair and meets the needs of everyone involved.

Negotiations often involve a lot of back-and-forth communication.

The goal of negotiation is to find a mutually beneficial agreement that satisfies all parties involved.

In a negotiation, it's essential to establish a clear understanding of each other's interests and needs.

According to research, 90% of negotiations fail due to a lack of understanding of the other party's needs.

Effective negotiators are able to build rapport with the other party, creating a positive atmosphere for negotiation.

Studies have shown that people are more likely to agree to a proposal when they feel a connection with the person presenting it.

A good negotiator knows how to listen actively and ask the right questions to gather information.

Research has shown that active listening can increase the chances of a successful negotiation by up to 50%.