Overview:
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. IOB had the unique distinction of commencing business on 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. At the dawn of Independence IOB had 38 branches in India and 7 branches abroad. Deposits stood at Rs.6.64 Crs and Advances at Rs.3.23 Crs at that time. IOB was one of the 14 major banks that was nationalised in 1969. On the eve of Nationalisation in 1969, IOB had 195 branches in India with aggregate deposits of Rs. 67.70 Crs. and Advances of Rs. 44.90 Crs. The Bank made a successful debut in raising capital from the public during the financial year 2000-01, despite a subdued capital market. The issue opened on September 25, 2000 for raising Rs.111.20 crore and was oversubscribed by 1.87 times. The issue closed on September 29, 2000 – on the earliest closing day. The allotment was made in October 2000. Consequent to the public issue, the share of the Government in the Bank’s capital came down to 75%. The shares of the Bank have been listed on the Madras Stock Exchange (Regional), Stock Exchange at Mumbai and the National Stock Exchange of India Ltd. IOB has been committed to and involved in various social causes, the most prominent being women empowerment – the Sakthi IOB Chidambaram Chettiar Memorial Trust and IOB’s Promotion of the Agricultural Seed Bank. The Sakthi 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 Shri M.Ct.M.Chidambaram Chettiyar, the founder of IOB.

Recruitment Procedure:
Process of selection includes Written Test which will be of Objective type and an Interview. The Objective Test consists of (i) Reasoning ability (ii) Numerical ability (iv) English (v) Socio-Economic, Banking Awareness and Computer Awareness. There will be negative marks for the wrong. Short listed candidates in the order of ranking in the written test as per the cut-off marks determined by the Bank shall be called for interview.

Head Office
763 Anna Salai,
Chennai-600002
Phone: +91-44-28524212
+91-44-28524212