IOb
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Indian Overseas Bank (IOB) 
INTRODUCTION
Indian Overseas Bank (IOB) is a public sector bank, whose headquarters is in Chennai. 
With a focus on foreign exchange business and overseas banking, it has achieved 
significant milestones in the Indian banking sector. IOB operates through approximately 
3,220 domestic branches, 2 Digital Banking Units (DBUs), around 4 foreign branches, 
and a representative office. During the nationalization period, the government of India 
took over IOB along with 13 other major banks.
ORGANIZATION OF IOB BANK:
Indian Overseas Bank (IOB) functions with a clear organizational hierarchy. The 
Board of Directors sets the strategic direction, while the Managing Director & CEO 
supervises the day-to-day operations.. Executive Directors manage specific 
functions, while regional offices coordinate activities across a widespread domestic 
branch network. Digital Banking Units focus on online services, while foreign 
branches and representative offices facilitate international banking. Various 
departments handle functions such as retail and corporate banking, with support 
units for IT, legal, and marketing. Compliance and risk management units ensure 
regulatory adherence and risk mitigation. This streamlined organization allows IOB 
to effectively navigate the complexities of the banking industry
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nking/public-sector-banking/indian-overseas-bank/indian-overseas
-bank-iob/
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