Indian Overseas Bank

About the company

Indian Overseas Bank (IOB) is a public sector bank founded in 1937, specializing in foreign exchange and overseas banking. It operates 3,236 domestic branches and 3,506 ATMs across India, with a presence in 4 countries internationally: Singapore, Hong Kong, Thailand, and Sri Lanka. The bank offers various services including NRI services, personal banking, forex services, agricultural business consultancy, credit cards, and ATM banking. IOB has undergone several phases of development, including nationalization in 1969 and expansion of its domestic and international operations. The bank has implemented various technological advancements, including computerization and internet banking. IOB has also engaged in joint ventures and acquisitions to expand its reach and services.