| Indian Overseas Bank (IOB) was founded on February 10, 1937 by Shri.M.Ct.M. Chidambaram Chettyar. It was the first bank to get into consumer credit and introduced Personal Loan scheme. It was nationalized in 1969, at that time had 195 branches in India. In 1964, the Bank made a beginning in computerization in the areas of inter-branch reconciliation and provident fund accounts. Bank offers services in credit card segment, agriculture consultancy, multicity cheque facility, merchant banking, do crossing selling of insurance products. |