IOB - Celebrating 80 years of Pioneering Excellence 1937-2017
Welcome to IOB Platinum Jubilee Celebrations
Mr. A.K. Bansal
Mr. A.D.M. Chavali
It is our great pleasure to launch the IOB Portal as part of the Bank’s Platinum Jubilee Celebrations. Starting as small but global bank, IOB has grown into a vast organization with footprints across the country
Indian Overseas Bank (IOB) was founded on February 10th 1937, by Shri.M.Ct.M. Chidambaram Chettyar, a pioneer in many fields - Banking a pioneer in many fields - Banking
Indian Overseas Bank (IOB) was founded on 10th February 1937 by Shri M.Ct.M. Chidambaram Chettyar, a pioneer, with the main objective of specializing in foreign exchange solutions required by Indian traders in South East Asia.
Silver Jubilee Year for Indian Overseas Bank
The Bank made a successful debut in raising capital from the public. The issue was oversubscribed 1.87 times despite a subdued market. CMD Shri. R.V. Shastri and GMs AL. Chandramouli and R. Venkataramani at the press meet.
SKOCH AWARD for financial inclusion
IOB has taken up the implementation of Financial Inclusion Plan in letter and spirit. Of the 1273 villages given to it under the financial inclusion plan the Bank has already covered 751 villages and the remaining 522 villages will be covered before Dec 2011, Well ahead of the deadline of March 2012.
The Bank has also extended credit facilities to the account holders. The recently Bank launched the ‘IOB Smile Campaign’ under which the entire staff of the Bank, again on a Sunday visited hamlets and busties across the country spreading smiles and banking. The response was overwhelming proving that the poor are bankable.
The financial inclusion plan is also being implemented through the Bank’s Sampoorna Scheme which seeks to bring total village development in select villages
26 Feb 2017
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