Exchange: NSE·Updated 04:00 PM GMT+5:30

About

Indian Overseas Bank engages in the provision of commercial banking services. It operates through the following segments: Treasury, Corporate or Wholesale Banking, Retail Banking, and Other Banking Operations. The Treasury segment includes the entire investment portfolio and trading in foreign exchange contracts and derivative contracts. The Corporate or Wholesale Banking segment focuses on the lending activities of borrowers. The Retail Banking segment is involved in exposures which fulfil the four criteria of orientation, product, granularity, and low value of individual exposures for retail exposures laid down in Reserve Bank of India. The Other Banking Operations segment relates to other banking operations. The company was founded by Muttaiya Chidambaram Chettiar on February 10, 1937 and is headquartered in Chennai, India.
Sector:
Finance
Industry:
Major Banks
Employees:
21,034

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