ICCK

Indian Overseas Bank was founded in the year 1937 by a young visionary Shri M.Ct.M. Chidambaram Chettyar with the main objective of specializing in forex business. IOB had the unique distinction of commencing business simultaneously at Karaikudi and Chennai and within nine months in Rangoon (Burma) and Penang (Malaysia).

IOB was the smallest of the 14 major banks which were nationalized in 1969.  The global business of the Bank as at end of FY 14-15 has crossed Rs. 4, 25,000 crores, making it the fourteenth largest nationalized bank, with 3,381 branches in India as on 31.12.2015.  

IOB has eight branches abroad – one each in Singapore, Seoul, South Korea and two branches each in Bangkok,  Sri Lanka and Hong Kong, and three representative offices in Guangzhou (China), Dubai (UAE) and Ho Chi Minh City (Vietnam)and IOB has an Offshore Banking Unit in Colombo. 

IOB, along with Bank of Baroda and Andhra Bank formed India International Bank (Malaysia) Ltd., BHD and has its first branch at Kuala Lumpur, Malaysia, since 2012. 

IOB provides a wide range of consumer and commercial banking services including Savings Bank, Current Account, Depository Services, Credit Cards, NRI accounts, Home Loans, SME Loans, agricultural loans, retail loans, sale of Gift Cards, banc assurance, etc. 

Information Technology in IOB is unique in several aspects. The entire Banking software have been developed, implemented and maintained in-house.  

With a renewed vision to be among the top five nationalized banks, IOB is all committed to provide value to all its stakeholders, touching hearts and spreading smiles among its millions of customers.