New bank registered

Release date
31 March 2011

The Reserve Bank of New Zealand today announced that BOI (New Zealand) Limited has been registered as a bank in New Zealand.

BOI (New Zealand) Limited is a fully owned subsidiary of Bank of India. It will change its name to Bank of India (New Zealand) Limited before commencing operation.

There are now 20 registered banks in New Zealand, which are listed on the Reserve Bank website.

For further information contact:

Media Contact
Sonia Speedy
External Communications Adviser
04 471 3846, 021 663 082, sonia.speedy@rbnz.govt.nz