Is IOB bank is private or government?
IOB was one of the 14 major banks that were nationalized in 1969. On the eve of Nationalization in 1969, IOB had 195 branches in India with aggregate deposits of Rs. 67.70 Cr.
The overall rating of IBO is 3.8, with Work-Life balance being rated at the top and given a rating of 4.2. However, Salary & Benefits is rated the lowest at 3.4. To know first hand how is it like to work at IBO read detailed reviews by job profile, department and location in the reviews section.
Who is the manager of Indian Overseas Bank?
Shri B. Chandra Reddy has been Nominated as Director of Indian Overseas Bank on 21st December 2021.
The total income during the quarter ending September 30, 2022 went up to Rs 5,852.45 crore from Rs 5,028 crore recorded as on June 30, 2022. The total business stood at Rs 4,34,441 crore as against Rs 4,23,589 crore. The deposits grew to Rs 2,61,728 crore from Rs 2,60,045 crore.
Which is better IOB or SBI?
State Bank of India scored higher in 8 areas: Overall Rating, Culture & Values, Diversity & Inclusion, Senior Management, Compensation & Benefits, Career Opportunities, Recommend to a friend and Positive Business Outlook. Indian Overseas Bank scored higher in 2 areas: Work-life balance and CEO Approval.
Some of the key results of the comparison between the two banks are: Lowest Interest rate of Indian Overseas Bank Loan is 10.00%, which is lower than the lowest interest rate of SBI at 10.55%. Hence, Indian Overseas Bank is offering a cheaper loan option.
Which bank is best Canara or IOB?
Indian Overseas Bank offers lower Home Loan EMI at ₹ 669 on a Home Loan for 30 Years as compared to Canara Bank with a minimum EMI of ₹ 772 for 30 Years. Average customer ratings for Indian Overseas Bank is currently at 2.5/5.0 which makes it a good choice for taking a Home Loan.
The merger resulted in 10 Public Sector Banks pooled into 4 Public Sector Banks. However, IOB, Bank of Maharashtra, Punjab and Sind Bank, Bank of India, Central Bank of India and UCO Bank, which are region-centric, will remain as independent entities.02-Nov-2022
What is the salary of Indian Overseas Bank?
Average annual salary in Indian Overseas Bank is INR 9.3 lakhs.
Total business of Indian Overseas Bank as of September 2022 stood at ₹4,34,441 crore. Indian Overseas Bank has posted a 33 per cent growth in Q2 net profit at ₹501.34 crore.06-Nov-2022
Where is IOB head office?
Prompt Corrective Action Framework - Indian Overseas Bank The performance of the Indian Overseas Bank, currently under the Prompt Corrective Action Framework (PCAF) of RBI, was reviewed by the Board for Financial Supervision.29-Sept-2021
Is IOB a safe bank?
In IOB, they are providing good service to the customer on my salary account. Its a zero balance account and i am using this account more than 6-7 years. Customer service and responsiveness was good , ATM and branches are near from my residence.
Indian Overseas Bank quote is equal to 33.450 INR at 2022-12-19. Based on our forecasts, a long-term increase is expected, the "IOB" stock price prognosis for 2027-12-10 is 50.080 INR. With a 5-year investment, the revenue is expected to be around +49.71%. Your current $100 investment may be up to $149.71 in 2027.
What went wrong with IOB?
Gopalakrishnan, under whose tenure in 1995-96 the Chennai-based bank posted a net loss ₹ 1,727 crore, wiping out the entire capital base of the bank in what is considered to be one of the biggest scandals in Indian banking history.02-Dec-2015
1. HDFC Bank
Which bank is best to join?
Top Savings Bank Accounts of 2022
State Bank of India (SBI): As it is managed by the Indian government and a few shareholders, the State Bank of India may be among the most reliable financial institutions.10-Nov-2022
Which Indian Bank is best?
As per Forbes World's Best Bank survey, HDFC Bank is ranked No. 1 bank by customers in India.06-Dec-2022
Which card is best in IOB?
IOB Rupay Classic Debit Card.10-Dec-2022
Is IOB bank is private or government?