Indian Overseas Bank
29.86
INR
-0.53
(-1.74%)
ISIN
INE565A01014
Return %
Stock
S&P 500
1Y
-26.58
14.20
3Y
-26.27
81.12
5Y
37.92
68.34
Capital Structure
INR
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in mil. unless spec.Working Capital
INR
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in mil. unless spec.Growth Rates
INR
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in mil. unless spec.Quarterly Revenue
INR
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in mil. unless spec.Quarterly Earnings Per Share
INR
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in mil. unless spec.Quarterly Dividends Per Share
INR
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in mil. unless spec.Company Description
- CEO
- Ajay Kumar Srivastava
- Full Time Employees
- 21,034
- Sector
- Finance
- Industry
- Major banks
- Address
- 763 Anna Salai Chennai TN India 600002
- IPO Date
- Sep 5, 2003
- Website
- iob.in
- Similar Companies
- Business
- Indian Overseas Bank (IOB) is a prominent Indian public sector bank primarily engaged in providing a broad range of banking products and services. Its core offerings include retail banking products such as savings and current accounts, fixed deposits, and recurring deposits; corporate banking services including term loans, working capital finance, and trade finance; treasury operations; international banking services like foreign exchange and remittances; and digital banking solutions encompassing internet banking, mobile banking, and electronic payment services. The bank also offers specialized financial products including agricultural loans, micro, small and medium enterprise (MSME) finance, and housing loans. IOB operates extensively across India with a network of branches and ATMs, as well as through its international branches and offices in countries such as Singapore, Hong Kong, and Dubai. Founded in 1937, Indian Overseas Bank is headquartered in Chennai, Tamil Nadu. In recent years, Indian Overseas Bank has focused on strategic initiatives to enhance its financial services portfolio and operational efficiency. Over the past 1-2 years, the bank has undertaken efforts to upgrade its digital banking infrastructure to improve customer experience and broaden its digital footprint. It has entered into strategic partnerships to expand its SME lending and financial inclusion programs. Additionally, the bank has embarked on recapitalization to strengthen its balance sheet and support lending growth. There have been no significant changes in the company's name or major reorganizations during this period. Indian Overseas Bank continues to focus on expanding its retail and corporate banking segments as well as enhancing international operations to serve Indian diaspora and overseas businesses effectively. Operating in the financial services industry, Indian Overseas Bank targets diverse customer segments including retail clients, SMEs, large corporates, and international trade clients. Its financial services extend across sectors such as agriculture, manufacturing, services, and infrastructure development. The bank has subsidiaries and associate concerns that support its banking operations and ancillary financial services. Indian Overseas Bank remains a key player in India's banking landscape with a long-standing history of serving customers across multiple geographies with comprehensive banking and financial solutions.