About the Company

Indian Overseas Bank (IOB) was founded on February 10, 1937 by Shri M. Ct. M. Chidambaram Chettyar with a mission to serve the underserved and support India’s trade aspirations; it was nationalised in 1969. Over the decades, IOB has grown into a universal bank offering retail, agriculture, MSME and corporate banking, spanning housing loans, jewel loans, business finance and agri-credit, supported by strong digital platforms such as digital.iob.in, a mobile banking app, tab-based banking and online self-service journeys  . 

As of March 31, 2025, the Bank operated 3,335 branches across India, including 929 rural branches, 3,497 ATMs/CRMs and 10,135 Business Correspondents, alongside four overseas branches in Singapore, Hong Kong, Bangkok and Colombo; it also holds a joint venture bank in Malaysia that is under voluntary winding up . IOB has adopted Integrated Reporting, aligning financial and non-financial disclosures under the <IR> framework in FY 2024–25 .

Subsidiaries: Nil. The consolidated group comprises one associate and one joint venture for accounting purposes, with no investments in the equity capital of unconsolidated non-financial subsidiaries reported  .

Key milestones include achieving 100% Core Banking Solution in 2009, surpassing 3,000 branches in 2013, and crossing Rs 5 lakh crore in total business as on March 31, 2024 .

Business Segments:

[No separate disclosure of percentage contribution to revenue by segment/vertical or by domestic vs. international was found in the Annual Report; section not applicable.]

Key Management:

• Srinivasan Sridhar – Non-Executive Chairman and Part-time Non-Official Director
• Ajay Kumar Srivastava – Managing Director & CEO
• Joydeep Dutta Roy – Executive Director
• Dhanaraj T – Executive Director

Latest Updates:

• Scale and reach: The Bank expanded its presence with 101 new branches in FY 2024–25; rural branches constituted 28 Per cent of domestic branches, and the BC network grew to 10,135, up from 6,379 last year (a growth of over 58 Per cent) .
• Digital push: IOB enhanced its digital stack with Face-Auth onboarding and a Self-Service Digital Hub, alongside its integrated digital hub digital.iob.in; it reported 1.02+ crore mobile banking users and 1.20+ crore UPI-registered users .
• Operational highlights: In FY 2024–25, global advances grew 14.15 Per cent and total business 11.30 Per cent; Retail, Agriculture and MSME (RAM) sectors accounted for 77.78 Per cent of total domestic credit, reflecting the Bank’s focus on inclusive retail-led growth .
• International operations: Overseas branches in Singapore, Hong Kong, Bangkok and Colombo contributed Rs 25,063 crore in business, Rs 290 crore in operating profit and Rs 97 crore in net profit; the joint venture bank in Malaysia is under voluntary winding up .
• Recognition: IOB’s operational capabilities and digital enablement were recognised in FY 2024–25, including top rankings in EASE 5.0, five awards at the IBA Banking Technology Awards, and ISO certification for its Staff College .
• Reporting evolution: The Bank adopted Integrated Reporting for the first time in this Annual Report cycle, reflecting a cohesive view of value creation .