Bharat Overseas Bank (BOB) was a private bank based in

Chennai Chennai (, ), formerly known as Madras ( the official name until 1996), is the capital city of Tamil Nadu, the southernmost Indian state. The largest city of the state in area and population, Chennai is located on the Coromandel Coast of th ...

, India. In 2007, it merged with Indian Overseas Bank, which took over all the bank's employees, assets, and deposits. BOB was established in 1973, in order to takeover for the

Bangkok Bangkok, officially known in Thai as Krung Thep Maha Nakhon and colloquially as Krung Thep, is the capital and most populous city of Thailand. The city occupies in the Chao Phraya River delta in central Thailand and has an estimated populati ...

branch of the Indian Overseas Bank. It was one of the few private banks that the Reserve Bank of India permitted to have a branch outside India, and was the only bank representing India in

Thailand Thailand ( ), historically known as Siam () and officially the Kingdom of Thailand, is a country in Southeast Asia, located at the centre of the Indochinese Peninsula, spanning , with a population of almost 70 million. The country is b ...

. It was owned by seven banks (initial ownership figures in parentheses): Indian Overseas Bank (30%), Bank of Rajasthan (16%), Vysya Bank (14.66%), Karur Vysya Bank (10%),

Federal Bank Federal Bank Limited is an Indian private sector bank headquartered in Aluva, Kochi, Kerala. The bank has 1,336 branches spread across different states in India. It also has representative offices abroad in Abu Dhabi, Qatar, Kuwait, Oman, and ...

(19.67%),

South Indian Bank South Indian Bank Limited (SIB) is a major private sector bank headquartered at Thrissur in Kerala, India. South Indian Bank has 933 branches, 4 service branches, 1 extension counters and 18 Regional Offices spread across India. The bank has al ...

(10%), and Karnataka Bank (8.67%), but in 2007 Indian Overseas Bank fully acquired the bank.

References

External links

Indian Overseas Bank Official Website
Now this bank is merged with Indian Overseas Bank. All employees, deposits and advances are now of Indian Overseas Bank and no other website should be used.

References

External links

Further reading