Who is the current MD and CEO of Indian Overseas Bank?

Shri Partha Pratim Sengupta Prior to this, he was General Manager at State bank of India, Mid Corporate Regional Office, Pune.

Who is the director of Indian Overseas Bank?

Centre promotes Indian Overseas Bank's Executive Director Ajay Kumar Srivastava as MD & CEO.27-Sept-2022

Where is head office of IOB?

What is the current name of Indian Overseas Bank?

Indian Overseas Bank (IOB) is an Indian public sector bank based in Chennai. It has about 3,214 domestic branches, about 4 foreign branches and representative office.Indian Overseas Bank.

Is IOB getting merged?

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.06-Dec-2022

Is IOB a good company?

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.

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.

Which is best SBI or IOB?

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.

Is IOB a Nationalised bank?

5. 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 Crores.22-Mar-2021

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.

Which banks are merged in IOB?

Table Showing the Merger List of PSU Banks

What is the salary of Indian Overseas Bank?

Average annual salary in Indian Overseas Bank is INR 9.3 lakhs.

What is the future of IOB?

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.

Which is India's No 1bank?

Ans: Some of the largest banks in India are HDFC, SBI, ICICI, Axis Bank, and Kotak Mahindra Bank. Q.2: Which is the best bank in India? Ans: HDFC is marked as India's No. 1 Bank in Forbes World's best bank report.01-Sept-2022

What happened to 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

Will Indian Overseas Bank be Privatised?

NITI Aayog has already recommended the privatisation of Indian Overseas Bank (IOB) and Central Bank of India (CBI), although the government is yet to formally name the sell-off candidates. The government holds 96.38% in IOB and 93.08% in CBI.29-Jun-2022

Is IOB share a good buy?

As on 16th Dec 2022 IOB SHARE Price closed @ 33.40 and we RECOMMEND Strong Buy for LONG-TERM with Stoploss of 18.87 & Strong Buy for SHORT-TERM with Stoploss of 21.13 we also expect STOCK to react on Following IMPORTANT LEVELS.IOB Important Levels Intraday.

What is the target of IOB share?

Indian Overseas IOB share price targets for December month are 35.08 on upside & 32.49 on downside

Does IOB give dividend?

Indian Overseas Bank has declared 17 dividends since July 11, 2001. See all forthcoming dividends Check out stocks with top dividend.

Is Indian Overseas Bank Profitable?

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