Indian Overseas Bank Profile
Indian Overseas Bank History
Indian Overseas Bank famously called with its acronym IOB was established on 10.02.1937 by Sri. M. Chidambaram Chettiar, experienced banking personnel to concentrate in overseas banking. Indian Overseas Bank commenced its business in 3 branches simultaneously at Karaikudi, Chennai and Myanmar. Indian Overseas Bank started extending its branches and enlarging its operations both in India and abroad. Indian Overseas Bank was nationalized along with 13 other banks in 1969. Mr. S. A. BHAT, Chairman and Managing Director and Shri G. Narayanan, Executive Director are the directors of Indian Overseas Bank at present.
Indian Overseas Bank Network
As on May 9th, 09 there are 1913 Indian Overseas Bank branches in India and other countries. All Indian Overseas Bank branches are working under Core Banking Platform. Indian Overseas Bank has a network of over 600 ATMs across the country. International Debit cum ATM card of Indian Overseas Bank can be accessed at all cash tree and NFS ATM centers.
Indian Overseas Bank Financials
Indian Overseas Bank has tied up with LIC for banking life insurance policies. The total income of the Bank increased to Rs. 11, 237crores in 2008 – 2009 compared to Rs. 8, 776crores in 2007 – 2008, with a growth of 28.04%. The net profit of Indian Overseas Bank has also increased to Rs. 1, 326crores at 10.32% as compared to the previous year.
Indian Overseas Bank Services
Indian Overseas Bank offers services such as internet banking, NRI banking, corporate banking, Personal Banking and e-payment of direct and indirect taxes and pension payment schemes.
Indian Overseas Bank Personal banking
IOB offers services and products to its customers through its personal Banking.
- Saving Bank
- Current Account
- Term Deposit
- Retail Loans
- Home Loans & Mortgages
- Depository Services
- IOB Fine Gold
- International VISA Cards
- Any Branch Banking
- Insurance and Mutual Fund
Indian Overseas Bank NRI Banking:
Foreign Currency (Non Resident) (FCNR) accounts can be opened by non-resident Indian and persons of Indian origin. Indian Overseas Bank provides suitable products and services to the NRIs.
- Non-Resident Ordinary (NRO)
- Resident Foreign Currency Account (RFC)
- Foreign Currency Non-Resident Accounts(Banks)
- NRI Home loan Scheme
- NRI Remittances
- IOB NRI Shield
- IOB Expo Gold Card
Indian Overseas Bank Corporate Banking
Corporate Banking of IOB helps develop small and medium enterprises and make them a well organized Bank by supporting financially.
- Micro Small & Medium Enterprises(MSME)
- IT & Ites BPO
- Cash Management Services-IOB STARS
Indian Overseas Bank Rural Banking
The objective of a specific division of IOB is to foster and encourage the growth of all agriculture related businesses.
- IOB’s Commitment for Social Causes
- Agricultural Short Terms Loans
- Agri Business Consultancy
Indian Overseas bank application forms – Click on the link below to get online application forms.
Indian Overseas bank careers – Click on the link below to know about the recruitments in Indian Overseas Bank
Indian Overseas bank Head Office address
763 Anna Salai,
Chennai – 600002
Indian Overseas bank Phone number : +91-44- 28524212
Indian Overseas bank Website : http://www.iob.in/