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Indian Overseas Bank
Logo of the Bank
An Indian Overseas Bank branch in Lemalle, Andhra Pradesh
₹2,098.79 crore (US$260 million) (2023)[1][not verified in body]
Total assets
₹313,745.82 crore (US$39 billion) (2023)[1][not verified in body]
Owner
Government of India
Number of employees
23,579 (2021)[1]
Capital ratio
10.32% (2021)[1]
Website
www.iob.in
Indian Overseas Bank (IOB) is an Indian public sector bank based in Chennai. During the nationalisation, IOB was one of the 14 major banks taken over by the government of India. On 5 December 2021, IOB got Degidhan Award 2020–21 by Ministry of Electronics & Information Technology for achieving second highest percentage of digital payment transaction among public sector banks. As on 31 March 2022, IOB's total business stands at ₹417,960 crore (US$52 billion). It has about 3,220 domestic branches, 2 DBUs ( Digital Banking Unit) about 4 foreign branches and representative office. Founded in February 1937 by M. Ct. M. Chidambaram Chettyar with twin objectives of specializing in FOREX and overseas banking.
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Standard Chartered Bank Malaysia Berhad Sumitomo Mitsui Banking Corporation Malaysia Berhad The Bank of Nova Scotia Berhad United OverseasBank (Malaysia) Bhd...
BNP Paribas Deutsche Bank HSBC Bank of China MUFG BankIndianOverseasBank Mizuho Bank Oversea-Chinese Banking Corporation RHB Bank Berhad Sumitomo Mitsui...
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Global Information
₹22,422.91 crore (US$2.8 billion) (2021)[1]