Crossing many milestones and leaving behind a glorious 74 years, we are proudly stepping into our 75th year on this day of 10th February 2011. A moment to cherish for every one of us associated with this esteemed organisation. As the pages of history unfold to reveal the day when our Bank was established on 10th February 1937 by the great visionary Shri M.Ct. M. Chidambaram Chettyar, we offer our reverent salutations to our eminent leader.
During this odyssey, IOB has been home to other banks - in 1960s, it absorbed 5 private sector banks, in 1988, it acquired the Bank of Tamilnadu, in 2007 it took over Bharat Overseas Bank and in 2009 it took over the Shree Suvarna Sahakari Bank. These mergers were smooth and seamless and added value and volume to the Bank.
Known for its cordial customer service, IOB has given utmost importance to technology, retail banking, MSME and priority credit as drivers of growth. IOB's tagline
"Good People To Grow With" is one that the Bank strongly believes in and its workforce lives up to. As the Bank enters its 75th year, it rededicates itself to the service of the nation and its valued customers. The recent Walk In Bank campaign has reaffirmed the dedication of the over 26000 strong global workforce of the Bank. With its advanced in-house technology, committed workforce and loyal customer base, the Bank is poised to take a quantum leap into the league of the top nationalized banks in India, in the near future.
It is my privilege to be part of this momentous occasion in the history of the Bank.
A.K. Bansal
Executive Director
Indian Overseas Bank