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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 solutions 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
20,966
Industry
Financial Services
Ticker Symbol & Exchange
IOB (NSE)
Revenue (2024)
$4.3B
13.5%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
27.4%
(2024 vs 2023)
Market Cap*
$7.0B
Net Profit Margin (2024)
XYZ
12.2%
(2024 vs 2023)
* As of and is in US$
Indian Overseas Bank premium industry data and analytics
Products and Services
| Products | Services | Brands |
|---|---|---|
| Prepaid Cards | Online Payments | IOB |
| Credit Cards | Personal Banking Services | |
| Debit-Cards | Digital 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 |
|---|---|---|
| 2025 | Contracts/Agreements | In November, the bank entered into a partnership with Network People Services Technologies to introduce UPI 123Pay, a voice-based Unified Payments Interface system. |
| 2025 | Corporate Changes/Expansions | In July, the bank opened a new branch in Channi Himmat, Jammu and Kashmir, India. |
| 2025 | New Products/Services | In June, the bank introduced a new online service, Locate IOB. |
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 | Delhi | Maharashtra | Tamil Nadu | Maharashtra |
| No. of Employees | 20,966 | 102,746 | 50,564 | 40,071 | 33,081 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Ajay Kumar Srivastava | Chief Executive Officer; Managing Director | Executive Board | 2023 | 59 |
| Raghuram Mallela | Chief Compliance Officer; Corporate Secretary | Senior Management | 2026 | - |
| Srinivasan Sridhar | Chairman | Non Executive Board | 2024 | - |
| Dhanaraj T | Director | Executive Board | 2024 | 56 |
| Neelam Agrawal | Director | Executive Board | - | - |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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