Indian Overseas Bank
Logo of the Bank | |
An Indian Overseas Bank branch in Lemalle, Andhra Pradesh | |
| Company type | Public |
|---|---|
| BSE: 532388 NSE: IOB | |
| Industry | Banking, Financial services |
| Founded | 10 February 1937 |
| Founder | M. Ct. M. Chidambaram Chettiar |
| Headquarters | Chennai, Tamil Nadu, India |
Number of locations | 3925 |
Key people |
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| Products | Financial services Consumer Banking Retail banking Corporate Banking Commercial bank Housing Loan Vehicle Loan Investment banking Merchant bank Education Loan Private banking Savings wealth management Credit card |
| Revenue | ₹29,705.99 crore (US$3.5 billion) (2024) |
| ₹6,773.90 crore (US$800 million) (2024) | |
| ₹3,338 crore (US$390 million) (2025) | |
| Total assets | ₹395,014.94 crore (US$47 billion) (2025) |
| Owner | Government of India (94.61%) |
Number of employees | 20,966(2025) |
| Capital ratio | 17.28 (2024) |
| Website | www |
Indian Overseas Bank (IOB) is an Indian public sector bank based in Chennai. It was founded in February 1937 by M. Ct. M. Chidambaram Chettiar, and was one of the 14 major banks taken over by the government of India during the nationalisation in 1969.
IOB has about 3,269 domestic branches, 2 DBUs (Digital Banking Unit) about 4 foreign branches and representative offices.