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Indian Overseas Bank (IOB) is a financial institution that specializes in banking, finance, and financial services. The bank was founded by M. Ct. M. Chidambaram Chettyar on February 10, 1937 and has its headquarters located in Chennai, India. IOB currently operates as a private organization with the Government of India being its parent organization.
The bank has over 31,846 employees and is considered a major player in the banking industry in India, with a strong presence in the finance and financial services sectors. Some of its main competitors include Union Bank of India and Dhanlaxmi Bank.
Indian Overseas Bank is currently led by CEO Partha Pratim Sengupta, who took over from former CEO Karnam Sekar. Before Sekar, R. Subramaniakumar was the CEO of the company. The company's legal name is Indian Overseas Bank and it is active in the market.
