Industry: Banking
Indian Overseas Bank provides a range of banking services in India and internationally. It offers various personal banking services, such as saving bank accounts, current accounts, term deposit, retail loans, home loans and mortgages, depository services, IOB fine gold, international Visa cards, various branch banking, multi city cheque facility, and insurance and mutual funds.
The company also provides NRI accounts, including non-resident ordinary, resident foreign currency account, foreign currency non-resident accounts, NRI home loan scheme, NRI remittances, remittances procedures, tracking cell, forward cover, IOB NRI shield, IOB expo gold card, and overseas card. In addition, Indian Overseas Bank offers corporate banking services for micro small and medium enterprises, information technology and information technology enabled services business process outsourcing, and cash management services-IOB stars.
Further, the company provides agricultural short terms loans, financial inclusion, and agricultural business consultancy services, as well as forex collection and electronic tax payment services. As of March 31, 2009, it operated 1,993 branches in India, 2 in Hong Kong, and 1 each in Singapore, South Korea, Sri Lanka, and Thailand. The company was founded in 1937 and is based in Chennai, India.
