Indian Overseas Bank (IOB) offers banking products and services. It provides loans, credit cards, savings, mobile banking, internet banking and NRI accounts. The bank products include savings accounts, current accounts, retail products, Indian overseas bank cards, term deposits, third-party insurance, term deposits and online payments. IOB also offers corporate banking and rural banking such as micro small and medium enterprises schemes and merchant banking. The bank also provides agricultural short-term loans, term loans, doorstep banking services, depository services and special credit schemes. It operates in Hong Kong, Singapore, Sri Lanka, India and Thailand. IOB is headquartered in Chennai, Tamil Nadu, India.
Headquarters
India
Address
762/763, Iob, Anna Salai, Chennai, Tamil Nadu, 600002
Website
www.iob.in
Telephone
91 44 28889352
No of Employees
22,051
Industry
Financial Services
Ticker Symbol & Exchange
IOB (NSE)
Revenue (2023)
$3.0B
8.7%
(2023 vs 2022)
EPS
XYZ
Net Income (2023)
XYZ
23.1%
(2023 vs 2022)
Market Cap*
$14.6B
Net Profit Margin (2023)
XYZ
13.2%
(2023 vs 2022)
* As of and is in US$
Indian Overseas Bank premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Prepaid Cards | Online Payments |
| Credit Cards | Personal Banking Services |
| Debit-Cards | Door Step Banking Services |
| XYZ | XYZ |
| XYZ | XYZ |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | New Products/Services | In March, the bank introduced two new jewel loan products. |
| 2024 | Contracts/Agreements | In January, the company entered into a memorandum of understanding with the Indian Renewable Energy Development Agency Ltd to jointly fund renewable energy initiatives in India. |
| 2023 | New Products/Services | In December, the company launched an online system that facilitates the portability of savings accounts. |
Competitor Comparison
| Key Parameters | Indian Overseas Bank | Punjab National Bank | Bank of India | Indian Bank | Central Bank of India |
|---|---|---|---|---|---|
| Headquarters | India | India | India | India | India |
| City | Chennai | New Delhi | Mumbai | Chennai | Mumbai |
| State/Province | Tamil Nadu | Maharashtra | Maharashtra | Tamil Nadu | Maharashtra |
| No. of Employees | 22,051 | 104,118 | 45,613 | 40,781 | 30,770 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Ajay Kumar Srivastava | Managing Director; Chief Executive Officer | Executive Board | 2023 | 56 |
| Koustav Majumder | Chief Risk Officer; General Manager | Senior Management | 2023 | - |
| Srinivasan Sridhar | Chairman | Non Executive Board | 2024 | - |
| Sanjay Vinayak Mudaliyar | Director | Executive Board | 2022 | 54 |
| Dhanaraj T | Director | Executive Board | 2024 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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