Indian Overseas Bank is a prominent Indian public sector bank. It was founded in the year 1937 with the main objective of specialising in foreign exchange business in banking across the globe. The bank started operations simultaneously at Karaikudi, Chennai and Rangoon, Myanmar, followed by a branch in Penang, Malaysia. Indian Overseas Bank became a public sector bank, post nationalisation in the year 1969. The bank is listed on both BSE and NSE, with the Government of India holding majority stakes.
| Particular | Details |
| Bank Name | Indian Overseas Bank |
| Type | Public Sector |
| Founded | 10th February 1937 |
| Founder | M. Ct. M. Chidambaram Chettyar |
| Headquarters | Chennai, Tamil Nadu, India |
| MD & CEO | Ajay Kumar Srivastava |
| Chairman | Srinivasan Sridhar |
| Regulator | RBI |
| Services | Retail Banking, MSME Banking, Corporate Banking and more |
| Branch Network | 3,269 |
| Customer Base | 4.2 crore |
| Total Deposits | INR 3.49 lakh crore |
| Total Advances | INR 2.95 lakh crore |
| CASA Ratio | 41.29% |
| Bank Type Focus | Government-backed schemes, MSME and Corporate banking |
| Official Website | www.iob.bank.in |
Net Worth and Market Cap
Net Worth of Indian Overseas Bank reached approximately INR 3.95 lakh crore in March 2025. The market capitalisation of the bank is currently at INR 65,664.97 crore.
Corporate Leadership
Ajay Kumar Srivastava is the Managing Director and CEO of Indian Overseas Bank. He has been in this role since 2023. Srinivasan Sridhar is the Non-Executive Chairman, while Joydeep Dutta Roy and T. Dhanaraj are the Executive Directors of the bank.
Overview of Banking Products and Services
Indian Overseas Bank offers a wide range of banking products and services across segments like retail, business, MSME, agriculture, NRI and more. The bank emphasises on government-backed schemes, competitive interest rates, innovative offerings and digital-first solutions.
MSME banking offerings include multiple variants of current accounts like gold, diamond, platinum and more, working capital, term loans and MSME tailored schemes like Guarantee Plus, Manila Samriddhi, Tejas, Easy, Insta Fund and more. Corporate banking services include export credit, electronic bank guarantees, letters of credit and forex services.
A number of savings and current account options are offered to the retail customers. They include Regular, Salary, Pensioner, Ultra HNI, SB Prime, SB Priority, Insta Digital, Freedom and RERA. The customers also get access to a number of term and fixed deposit schemes, such as reinvestment deposit, green deposit, floating rate deposit, tax saver deposit and flexi deposit.
Scale of Operations
Indian Overseas Bank is headquartered in Chennai, Tamil Nadu, India. The bank operates a network of 3,269 branches across India. Furthermore, it has 5 foreign branches and overseas offices in South Korea, Singapore, Thailand, Sri Lanka and Hong Kong.
