December 12, 2018

Indian Overseas Bank

Information about Public Sector Banks in India - Indian Overseas Bank

PUBLIC SECTOR BANKS IN INDIA – INDIAN OVERSEAS BANK

Information about Public Sector Banks in India - Indian Overseas Bank

PUBLIC SECTOR BANKS OF INDIA – INDIAN OVERSEAS BANK

Information about Public Sector Banks in India - Indian Overseas Bank

Indian Overseas Bank (IOB) is a major bank based in Chennai Madras State. The Banks has 2018 domestic branches and six branches overseas. Indian Overseas Bank has an ISO certified inhouse Information Technology department, which has developed the software that 2018 branches use to provide online banking to their customer. The bank has achieved 100% networking status as well as 100% CBS status of branches with a total number of 2018 CBS branchs and Extension Counters. IOB also has a network of about 1010 ATMs all over India and IOB’s International VISA Debit Card is accepted at all ATMs belonging to the Cash Tree and NFS networks.

Free Information and News about Public Sector Banks in India - Indian Overseas Bank
Public Sector Banks in India - Indian Overseas Bank

Information about Public Sector Banks in India

IOB Bank Give offer to the Customer for internet Banking (E-See Banking) and is one of the banks that the Govt. of India has approved for online payment of taxes. The bank’s business more than doubled in the last four years. According to “A profile of banks (2009-10)” published by RBI, the bank’s deposits increased from Rs.50529 crore as on 31.03.06 to Rs.110795 crore as on 31.03.10 and advances from Rs.34756 crore to Rs.79004 crore.

Information about Public Sector Banks in India - Indian Overseas Bank

In terms of the Banking Companies, And Acquisition and Transfer of Undertakings Act 1970, the General Superintendence, Direction and Management of the affairs and business of the Bank vests in the Board of Directors which is entitled to exercise all such powers and do all such acts and things as the Bank is authorized to exercise and do.

Information about Public Sector Banks in India - Indian Overseas Bank