#1
1st February 2017, 04:10 PM
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Indian Overseas Bank Is Nationalised Or Not
Is Indian Overseas Bank Nationalised Or Not? Also provide me the other details of Indian Overseas Bank?
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#2
1st February 2017, 05:13 PM
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Re: Indian Overseas Bank Is Nationalised Or Not
Yeah, Indian Overseas Bank is a Nationalised bank. The Government of India nationalised the IOB in 1969. The Bank is a major public sector bank based in Chennai (Madras), with about 3700 domestic branches, including 1150 branches in Tamil Nadu, 3 extension counters, and eight branches and offices overseas as of 30 September 2014. Indian Overseas Bank has an ISO certified in-house Information Technology department. The bank has achieved 100% networking status as well as 100% CBS status for its branches. IOB also has a network of about 3300 ATMs all over India. IOB has branches in Singapore, Hong Kong, Colombo, Seoul, and Bangkok. It has representative offices in Guangzhou, Vietnam, and Dubai. IOB also is part-owner of a joint-venture bank in Malaysia. Products and Services - Personal Banking Saving bank Current account Term deposit Retail loans Home loans and mortgages Depository services IOB Fine Gold International VISA Cards Any Branch Banking Multi city cheque facility Insurance and mutual fund Corporate Banking Micro Small and Medium Enterprises (MSME) IT & ITes BPO Cash management services -IOB STARS Rural IOB's commitment for social causes Agricultural short time loans Financial inclusion Agri business consultancy NRI Accounts Non-Resident Ordinary (NRO) Resident Foreign Currency Account (RFC) Foreign Currency Non-Resident Accounts (Banks) NRI home loan scheme NRI remittances Remittances procedures Tracking cell Forward cover IOB NRI shield IOB Expo Gold Card Forex SWIFT centers Authorized dealer branches Forex collection services Overseas cash Government Business E-Payment of direct taxes E-Payment of indirect taxes Pension payment scheme Sales tax collections Provident Fund Scheme 1968 8 percent savings taxable bond scheme Senior citizen scheme 2004 Contact- Head Office – Indian Overseas Bank 763 Anna Salai, Chennai - 600002 Phone: +91-44- 28524212 |