IOB Full Form

by Yogi P - October 5, 2023

Full form of IOB

IOB stands for Indian Overseas Bank. It is a public sector bank headquartered in Chennai, India. IOB was founded in 1937 as a specialist bank for international exchange and international banking. It now offers a wide range of banking and financial services, including retail banking, corporate banking, and treasury services.

IOB was one of the first banks in India to expand into consumer lending, and it is one of the 14 major financial institutions owned by the Government of India.

Tie-ups of IOB

IOB has partnered with several other companies to offer a wider range of products and services to its customers. Some of its notable tie-ups include:

• A non-life insurance joint venture with USGI (Universal Sompo General Insurance) Company Limited, along with Karnataka Bank, Allahabad Bank, and Dabur Investments.
• A partnership with Apollo Munich Health Insurance to provide its customers with advanced medical and personal injury services.

IOB is committed to providing its customers with the best possible service and helping them to achieve their financial goals. It is a leading player in the Indian banking sector and is known for its innovative products and services.