Submitted by webmin on Thu, 03/22/2018 - 11:25

Indian Overseas Bank (IOB) was founded on February 10th 1937, by Shri.M.Ct.M. Chidambaram Chettyar, a pioneer in many fields - Banking, Insurance and Industry with the twin objectives of specialising in foreign exchange business and overseas banking. The IOB had the unique distinction of commencing business on 10th February 1937 (on the inaugural day itself) in three branches simultaneously - at Karaikudi, Chennai in India and Rangoon in Burma (presently Myanmar) followed by a branch in Penang

Presently, there are over 2,736 branches based in India itself while there are over 12 branches overseas.

The bank believes strongly in providing good service which breeds trust between the client and the bank and where its customers can grow along with the bank.

IOB has always been committed to and involved in various social causes, the most prominent being women empowerment.TheSakthi IOB Chidambaram Chettiyar Memorial Trust is a public charity trust initiated by the Bank and its Staff Representative organisations in February 1996 in memory of ShriM.Ct.M.ChidambaramChettiyar, the founder of IOB. This initiation is due to the motto of the IOB which is "touching hearts spreading smiles".

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