Indian Overseas Bank
Indian Overseas Bank (IOB) was founded on February 10, 1937 by Shri.M.Ct.M. Chidambaram
Chettyar. The bank was first enter into consumer credit and introduced Personal
Loan scheme. In 1964, IOB embarked computerization in the areas of inter-branch
reconciliation and provident fund accounts. The bank earned its nationalized reputation
in the year 1969, and during that period, the bank had 195 branches in India. It
offers services in credit card segment, agriculture consultancy, multicity cheque
facility, merchant banking and cross selling of insurance products. On March 2003,
theIndian Overseas Bank established 1427 branches in India and 6 branches overseas.
Besides this, the bank has a network of over 436 ATMs and 243 Extension Counters.
The bank also introduced the concept of 'Any Branch Banking', and offers this facility
in select branches in major cities and select state capitals wherever the bank's
network is available. The Indian Overseas Bank has branches in Colombo, Hong Kong,
Seoul, Singapore, and has commenced a Foreign Currency Banking Unit in the free
trade zone in Colombo.
Products and services :
- Indian Overseas Bank Credit Cards
- Indian Overseas Bank Auto Loans
- Indian Overseas Bank Home Loans
- Indian Overseas Bank Personal Loans
- Indian Overseas Bank Fixed Deposits