Government Approves PLI for Bank of India Directors; Bank Score 74.53

The Government of India has approved the Performance Linked Incentive (PLI) for Whole-Time Directors (WTDs) of Bank of India for the financial year 2024-25.

The decision was communicated through a letter dated 18 March 2026 issued by the Department of Financial Services (DFS), Ministry of Finance.

Bank Performance Score

• Bank Name: Bank of India
• Performance Score: 74.53

This score has been used to calculate the incentive amount for the directors.

PLI Amount for Directors

The following PLI amounts have been approved for MD&EDs:

• Shri Rajneesh Karnatak (MD & CEO): ₹20,46,480
• Shri P R Rajagopal (ED): ₹19,82,880
• Shri M. Karthikeyan (Former ED): ₹18,68,640
• Shri Subrat Kumar (ED): ₹21,50,400
• Shri Rajiv Mishra (ED): ₹21,50,400

Among them, the highest PLI amount of ₹21.50 lakh has been approved for two Executive Directors.

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