PT Bank of India Indonesia Tbk (formerly PT Bank Swadesi Tbk) was established based on notarial deed No. 20 dated September 28, 1968 of Njoo Sioe Liep, S.H., notary in Surabaya, under the name of PT Bank Pasar Swadesi. Officially operate as general banking on September 2nd 1989. On 1992 the corporate began the money changer business. And on November 11th 1994 the corporate officially operated as foreign exchange bank.