INDIAN OVERSEAS BANK
Indian Overseas Bank, founded in 1937 and headquartered in Chennai, Tamil Nadu, operates in the banking industry with a team of 6,703 employees. It offers a wide range of financial services including retail, corporate, and international banking through its network of over 3,400 branches across India.
Company Overview
Indian Overseas Bank is a public company established in 1937, headquartered in Chennai, Tamil Nadu. With a team size of 6,703 employees, it is classified as a very large enterprise in the banking industry. The bank operates a vast network of over 3,400 branches across India, providing a wide range of financial services. The company emphasizes its commitment to growth, describing itself as 'Good People To Grow With.'
Financial Services Offered
Indian Overseas Bank provides a comprehensive array of financial services, including retail banking, corporate banking, and international banking. The bank specializes in agricultural banking and priority sector lending. It also offers services such as FASTag for toll payments, forex services, NRI banking, mutual funds, and depository services. Additionally, the bank provides various loan options, including vehicle loans, home loans, education loans, and personal loans.
Digital Banking Solutions
The bank has invested in digital banking solutions, offering internet banking, mobile banking, and UPI services to enhance customer convenience. These services include features such as SMS alerts for transactions and online recharge facilities for FASTag. The focus on digital solutions aims to streamline banking processes and improve customer experience.
Agricultural and Rural Banking
Indian Overseas Bank offers specialized agricultural and rural banking services. This includes Agricultural Short Term Loans and various credit schemes tailored for farmers. The bank's commitment to supporting the agricultural sector is evident in its range of products designed to meet the financial needs of rural communities.
Loan Products and Schemes
The bank provides a diverse selection of loan products and schemes. This includes MSME loans such as Working Capital Loans, home loans like Subha Gruha, education loans including Vidyajyoti, and consumer durable loans. Additionally, the bank offers recurring deposit schemes and term deposit options, catering to the varied financial needs of its customers.