Indian Overseas Bank Headquarters, History, Logo, Tagline Etc
www.gradeup.co 1 www.gradeup.co Indian Overseas Bank Full Details: Indian banking industry recruits thousands of aspirants among its officer and clerk cadre. Indian Overseas Bank is one among them. This article discusses the Indian overseas Bank MD and CEO and Board of Directors along with Indian Overseas Bank Headquarters, History, Logo, Tagline etc. Indian Overseas Bank is one among India's 12 Public Sector Banks. The primary objective of establishment of the Indian Overseas Bank to tap into the potential foreign exchange market. Get Banking Exams Important Updates, Study- Notes, Free PDF's & more, Join Gradeup Banking Telegram Group Join Now In this article, we have listed the Interest Rate of Indian Overseas Bank, subsidiaries and joint ventures of IOB, tagline and logo and many other important exam relevant facts. This article will help you prepare for the recruitment exams of many public sector banks of India such as SBI, PNB, BoB, UBI, Central Bank of India, Canara Bank, BoI, Indian Bank etc. So, lets us discuss the details about the Indian Overseas Bank in detail. History of Indian Overseas Bank: • Indian Overseas Bank (IOB) was founded on 10th February 1937. • Shri. M.Ct.M. Chidambaram Chettyar was the founder of the Indian Overseas Bank. • The main objective of the bank was to specialize in the foreign exchange business in the banking industry. • At the time of India's Independence, IOB had 38 branches in India and 7 branches abroad and Deposits stood at Rs.6.64 Crores and Advances at Rs.3.23 Crores. 2 www.gradeup.co • IOB was nationalized in 1969 along with 13 other banks by Government of India.
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