Wallets/iob-india
Indian Overseas Bank (IOB)
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Overview
Indian Overseas Bank (IOB) is Indian state-owned commercial bank + NSE: IOB BSE: 532388 + Government of India Ministry of Finance ~96%+ controlling + Indian retail + institutional investors free float + one of India's mid-sized state commercial banks + founded Feb 10 1937 in Chennai India as Indian Overseas Bank by M. Chidambaram Chettyar + Jul 19 1969 Indian banking nationalisation 1, India report.
History
Feb 10 1937 — Indian Overseas Bank IOB founded in Chennai India by M. Chidambaram Chettyar as Indian commercial bank specifically targeting Indian diaspora overseas remittance + commercial banking distinctive Indian banking heritage.
Jul 19 1969 — IOB nationalised under Indira Gandhi-era Indian Banking Nationalisation Act consolidating IOB into Government of India-owned commercial bank.
2014 — IOB Mobile banking app launch.
Ownership & operator
Operating entity: Indian Overseas Bank IOB (Indian state-owned commercial bank; NSE: IOB; BSE: 532388).
Major shareholders: Government of India Ministry of Finance ~96%+ controlling + Indian retail + institutional investors free float.
Regulators: Reserve Bank of India RBI + national regulators across 7+ countries.
Technical integration
IOB Mobile app (iOS + Android) + iob.in online + Indian Overseas Bank branch network across India + Singapore + Hong Kong + Malaysia + Thailand + South Korea + Sri Lanka international branches + IOB Visa + Mastercard + RuPay cards; RuPay Indian national card scheme + EMVCo QRCPS QR payments + Bharat QR (Indian national QR payment scheme) + UPI Unified Payments Interface (Indian instant payments) + Indian Rupee INR domestic transfers.
Implementations & partners
Major Indian banking + payments competitors: State Bank of India (SBI) (State Bank of India SBI) + HDFC Bank App (HDFC Bank) + ICICI Bank (ICICI Bank) + Axis Bank / Axis Mobile (Axis Bank) + Kotak Mahindra Bank / Kotak811 (Kotak Mahindra Bank) + Punjab National Bank (PNB ONE) (Punjab National Bank PNB) + Canara Bank (Canara Bank) + Bank of Baroda (BOB) (Bank of Baroda BOB) + UPI QR (Unified Payments Interface UPI).
Regulators: Reserve Bank of India RBI + national regulators across 7+ countries.
Status
Active, Indian state-owned commercial bank + NSE:IOB BSE:532388 + Government of India Ministry of Finance ~96%+ controlling + one of India's mid-sized state commercial banks + founded Feb 10 1937 in Chennai India as Indian Overseas Bank by M. Chidambaram Chettyar + Jul 19 1969 Indian banking nationalisation 1, 2.
Sources
- 1 IOB — official
- 2 IOB — Wikipedia
- India report In-corpus:
reports/countries/IN-india.md
Source
Biography extracted from iob-india.md. See matrix.md for standards-support matrix if present.