Where is the headquarter of Indian Overseas Bank located?

Who is the founder of Indian Overseas Bank?

Is IOB a good bank?

Indian Overseas Bank is a major bank based in Chennai with more than 3078 domestic branches,3 extension counters and six branches overseas. Total income stood at Rs 19,578.13 crores as against Rs 13,326.56 crores registered during the same period last financial year in 2012.

Is Indian Bank and Indian Overseas Bank same?

Indian Bank is a Public Sector Bank with its Home Loan rates benchmarked to RLLR. Indian Overseas Bank is a Public Sector Bank with its home loan rates benchmarked to RLLR. Hence, both banks are benchmarked to same rate which make them a comparable option to choose from.

Is Indian Overseas Bank private?

Indian Overseas Bank (IOB) is a major Indian nationalised bank. It is under the ownership of Ministry of Finance, Government of India based in Chennai, India, with about 3,400 domestic branches, about 6 foreign branches and representative office.

Indian Overseas Bank.

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Website www.iob.in

Is Indian Overseas Bank is Nationalised bank?

5. IOB was one of the 14 major banks that were nationalized in 1969. On the eve of Nationalization in 1969, IOB had 195 branches in India with aggregate deposits of Rs. 67.70 Crores.

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Who is owner of SBI?

Which bank merged with Indian Overseas Bank?

Table Showing the Merger List of PSU Banks

Acquirer Banks Banks to be Merged
PNB Oriental Bank of Commerce (OBC), Allahabad Bank, Corporation Bank, Indian Bank
Bank of Baroda Vijaya Bank, Dena Bank
Bank of India Andhra Bank, Bank of Maharashtra
Canara Bank UCO Bank, Syndicate Bank, Indian Overseas Bank

Who is the No 1 bank in India?

Rank 1 | DBS Bank | DBS was ranked #1 out of 30 domestic and international banks in India for the second consecutive year.

Which is best private bank?

So here is the list of top private banks in India and also the best Private banks in India.

  • HDFC Bank – Largest Private bank in India. …
  • ICICI Bank. …
  • Axis Bank Ltd. …
  • Kotak Mahindra Bank Ltd. …
  • IndusInd Bank Ltd. …
  • Yes Bank Ltd. …
  • Federal Bank Ltd. …
  • IDFC First Bank Ltd.

Which bank is better IOB or SBI?

SBI has a maximum processing fee of ₹ 10,000 compared to Indian Overseas Bank with higher processing fees of ₹ 13,350. … SBI is a Public Sector Bank with its home loan rates benchmarked to RLLR. Hence, both banks are benchmarked to same rate which make them a comparable option to choose from.

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