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Indian Overseas Bank

Indian Overseas Bank

Indian Overseas Bank (IOB) is a major Indian public sector bank, offering a wide range of banking and financial services to individuals and businesses. Established in 1937, it has a significant presence across India with an extensive network of branches and ATMs. IOB provides various services, including deposit accounts, loans (personal, home, auto, business), credit cards, investment options, and digital banking solutions. The bank caters to diverse customer segments, including salaried individuals, entrepreneurs, farmers, and large corporations. Its operations are governed by the Reserve Bank of India (RBI) and adhere to stringent regulatory guidelines. IOB actively participates in government initiatives aimed at financial inclusion and economic development in India. The bank has a history of contributing to the nation's economic growth and has been instrumental in providing financial services to underserved communities.

Chennai, Tamil Nadu, India
Over 20,000 employees (approximate, varies based on reporting period)

About Us

- Indian Overseas Bank (IOB), founded in 1937, initially served the Indian diaspora before becoming a nationalized public sector bank in 1971. - IOB's growth reflects India's banking evolution, expanding its reach nationwide and establishing itself as a reliable financial partner. - The bank has consistently adapted to economic changes, technological advancements, and regulatory shifts. - IOB remains dedicated to customer service and innovation, continually diversifying its offerings to meet evolving customer needs. - IOB's history demonstrates a commitment to supporting the Indian economy and helping individuals and businesses achieve financial success.

Vision

To be a leading public sector bank in India, known for its customer-centric approach, technological excellence, and commitment to sustainable growth. To be a preferred banking partner for individuals, businesses, and the community, contributing significantly to the nation's economic prosperity.

Mission

To provide comprehensive and accessible financial services to all segments of society, contributing to inclusive growth and economic development. To consistently deliver value to customers through innovative products, efficient processes, and outstanding customer service. To build a strong, sustainable, and ethically responsible organization.

Culture

- IOB cultivates a professional, ethical, and collaborative work environment that emphasizes teamwork and employee empowerment. - The bank prioritizes customer satisfaction and maintains high ethical standards. - IOB fosters innovation and adaptability to meet evolving customer and market needs. - A commitment to continuous improvement and excellence is central to its operations.

Specialties & Industries

Retail BankingCorporate BankingAgricultural BankingNRI BankingDigital BankingInvestment BankingGovernment BusinessFinancial Inclusion initiativesLoan services (HomePersonalAutoBusinessEducation)Deposit products (Savings AccountsFixed DepositsRecurring Deposits)Credit CardsOnline and Mobile BankingForeign Exchange services.Financial ServicesPublic CompanyB2CB2BEnterprise

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