Indian Overseas Bank (IOB) is a public sector bank headquartered in Chennai, Tamil Nadu — known for its strong international presence with branches in Singapore, Hong Kong, Bangkok, Colombo, and other countries. Founded in 1937 by M. Ct. M. Chidambaram Chettyar specifically to promote overseas banking, it is owned by the Government of India and listed on BSE and NSE.
| Founded | 1937 — Chennai, Tamil Nadu |
| Founder | M. Ct. M. Chidambaram Chettyar |
| Owner | Government of India ~96% |
| MD & CEO | Ajay Kumar Srivastava |
| Listed | BSE: 532388 | NSE: IOB |
| Focus | International banking; South India; NRI banking |
Who Owns Indian Overseas Bank?
Indian Overseas Bank is owned by the Government of India with approximately 96% stake — one of the highest government ownership ratios among listed PSU banks. Founded in 1937 by M. Ct. M. Chidambaram Chettyar specifically to promote foreign exchange and overseas banking, IOB continues to focus on NRI and international banking services. IOB was NOT merged in the 2019-20 PSU bank consolidation — it remains an independent PSU bank. Official: iob.in.
