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Indian Overseas Bank (IOB) is an Indian public sector bank based in Chennai. During the nationalisation, IOB was one of the 14 major banks taken over by the government of India.
Indian Overseas Bank (IOB) is an Indian public sector bank based in Chennai. During the nationalisation, IOB was one of the 14 major banks taken over by the government of India.
Apr 28, 2023 · Indian Overseas Bank (IOB) was founded on 10th February 1937 by Shri. M.Ct.M. Chidambaram Chettyar, a pioneer in many fields. The Bank was founded by him with the main objective of specializing in foreign exchange business in banking to take the Bank across the globe.
It has 227 overseas correspondent banks in 75 countries. Since 1969, the Government of India has owned the bank. As per the announcement made by the Indian Finance Minister Nirmala Sitharaman on 30, 2019, Allahabad Bank merged on April 1, 2020, making Indian Bank the seventh largest bank in India.
List of banks in India - Wikipedia. This is a list of banks which are considered to be Scheduled Banks under the second schedule of RBI Act, 1934. [1] [2] Commercial banks. Public Sector Banks (PSBs) There are 12 public sector banks in India as of 1 March 2023. [3] Private-sector banks. There are 21 private banks in India as of 1 March 2023.
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