For fixed deposits that mature in 7 to 45 days, the bank will continue to grant an interest rate of 4.50%, and for those that mature in 46 to 90 days, Indian Overseas Bank (IOB) will continue to offer an interest rate of 4.75%.
Figures of Market Capital(Mar Cap), Quaterly Net Profit(NP Qtr) and Quaterly Sales(Sales Qtr) are in ₹ Cr.View All Peer Comparison
MORE ABOUT Indian Overseas Bank
Ajay Kumar Srivastava
Managing Director & CEO
Nandakumaran S
Company Sec. & Compli. Officer
S Srimathy
Executive Director
DEEPAK SHARMA
Non Official Director
Suresh Kumar Rungta
Non Official Director
VIVEK AGGARWAL
Nominee (RBI)
B Chandra Reddy
Non-official Director
Sanjay Vinayak Mudaliyar
Executive Director
Sanjaya Rastogi
Director (Shareholder)
Summary
Indian Overseas Bank (IOB) was founded on 10th February, 1937 by Shri. M. Ct. M. Chidambaram Chettyar, a pioneer in many fields such as, Banking, Insurance and Industry with the twin objectives of specializing in foreign exchange business and overseas banking. IOB had the unique distinction of commencing business in 10th February 1937 (on the inaugural day itself) in three branches simultaneously - at Karaikudi and Chennai in India and Rangoon in Burma (presently Myanmar) followed by a branch in Penang. The Bank had 12 establishments abroad, including 8 overseas branches, 1 Representative office, 2 Remittance Centers and 1 Joint Venture Subsidiary as on 31st March 2018. There are two branches each at Hong Kong, Sri Lanka and Bangkok and one each at Singapore and South Korea. Its Representative office is located at Dubai.The Products & Services of the bank includes NRI Services, Personal Banking, Forex Services, Agri Business Consultancy, Credit Cards, Any Branch Banking and ATM Banking. Saga of the IOB is covered into four categories, such as Pre-nationalisation era (1947- 69), at the time of Nationalisation (1969), Post - nationalisation era (1969-1992) and Post-Reform Period - Unprecedented developments (1992 & after). In Pre-nationalisation era (1947- 69), IOB expanded its domestic activities and enlarged its international banking operations. As early as in 1957, the Bank established a training centre, which has now grown into a Staff College at Chennai with 9 training... Read More
It is the value of the outstanding shares of any publicly traded firm. The market cap of Indian Overseas Bank stands at Rs 126740.67 crores as of 3 May, 2024.
Who is the CEO of Indian Overseas Bank 2023?
Ajay Kumar Srivastava serves as the CEO of Indian Overseas Bank.
Is IOB a government bank?
IOB is a Chennai-based government bank in India.
Is IOB better than SBI?
SBI is extremely reputable in India, with a strong domestic as well as international presence. Comparatively, IOB has a smaller network and customer base. In terms of growth, SBI is a clear winner when compared to IOB.
Why did the IOB share price increase?
The share price of IOB increased over the past couple of years due to a bullish chart pattern on the basis of technical analysis.
What is the dividend of IOB?
The current dividend yield of IOB is 5%, with an annual dividend payment of Rs 3.20.
What is the Mutual Fund shareholding in Indian Overseas Bank?
The mutual fund shareholding of Indian Overseas Bank was determined as 1.23% on 31 Dec 2023.
What is the promoter shareholding in Indian Overseas Bank?
As of 31 Dec 2023, the promoter shareholding of Indian Overseas Bank is 96.38%.
Is Indian Overseas Bank profitable?
In 2023, Indian Overseas Bank generated a net profit of Rs 2103.99 crores.
Is Indian Overseas Bank a good stock to invest in?
You need to analyze different metrics like the TTM P/E, dividend yield, sector P/E, and D/E ratio of the Indian Overseas Bank stock before investing in it.
What is the 52 Week High and Low of Indian Overseas Bank?
The highest and lowest prices of any stock over a period of 52 weeks are quite important trading indicators. Indian Overseas Bank has exhibited a 52-week high of Rs 83.75 and a 52-week low of Rs 20.85.
What is the PE and PB ratio of Indian Overseas Bank?
Indian Overseas Bank has a PE ratio of 48.83, and its PB ratio is 5.11.
What is the Share Price of Indian Overseas Bank?
Due to the stock market's volatility, the share price will keep fluctuating. As of 14 Feb 2024, the share price of Indian Overseas Bank is Rs 0.00.
How to Buy Indian Overseas Bank Share?
The ideal way to buy the Indian Overseas Bank share is to create your demat account on IIFL. Submitting KYC documents and undergoing verification is necessary for making your account to purchase all your preferred stocks.