Indian Overseas Bank

Indian public sector bank Indian Overseas BankLogo of the BankAn Indian Overseas Bank branch in Lemalle, Andhra PradeshTypePublicTraded asBSE: 532388NSE: IOBIndustryBanking, Financial servicesFounded10 February 1937; 89 years ago (1937-02-10)FounderM. Ct. M. Chidambaram ChettiarHeadquartersChennai, Tamil Nadu, IndiaNumber of locations3925Key peopleAjay Kumar Srivastava(MD & CEO)ProductsFinancial servicesConsumer BankingRetail bankingCorporate BankingCommercial bankHousing LoanVehicle LoanInvestment bankingMerchant bankEducation LoanPrivate bankingSavingswealth managementCredit cardRevenue ₹29,705.99 crore (US$3.1 billion) (2024)Operating income ₹6,773.90 crore (US$700 million) (2024)Net income ₹3,338 crore (US$350 million) (2025)Total assets ₹395,014.94 crore (US$41 billion) (2025)OwnerGovernment of India (94.61%)Number of employees20,966 (2025)Capital ratio17.28 (2024)Websitewww.iob.bank.in Indian Overseas Bank (IOB) is an Indian public sector bank based in Chennai. It was founded in February 1937 by M. Ct. M. Chidambaram Chettiar, and was one of the 14 major banks taken over by the government of India during the nationalisation in 1969. IOB has about 3,269 domestic branch