To be among the TOP 5 Nationalized Banks in

terms

of

Business

Profitability with

Volumes

and

Sustained

Global Recognition guided by

High Standards of Governance and Ethics; and

emerge

as

the

MOST

PREFERRED

BANKING

PARTNER to unlock value to all its Stakeholders

Total Business: Rs 5,00,000 Crores

Net Profit: Rs 5,000 Crores

Chairman & M.D: Sri M Narendra

Have 3010 Branches & 2100 ATMs

ISO certified in-house I.T Department

The Bank has sponsored 3 Regional Rural Banks i.e. Puri

Gramya Bank, Pandyan Grama Bank, Dhenkanal Gramya
Bank

Indian Overseas Bank ( IOB ) was founded by Shri M.Ct.M.

Chidambaram in 1937 with 3 branches at Karaikudi,
Chennai and Rangoon in Burma (presently Myanmar)
IOB was the first Bank to venture into Personal Loan
Scheme in 1960.
In 1964, IOB started Computerisation in the areas of
inter-branch reconciliation and provident fund accounts.
In 1999, IOB had the distinction of being the first Bank
in Banking Industry to obtain ISO 9001 Certification
for its Computer Policy and Planning Department.
In 2000, IOB issued Initial Public Offering (IPO)
In 2012, IOB Crossed the Business of 3,00,000 Crs
In 2013, IOB opened 3000th Branches and 2000th ATM

National Award 2012 for outstanding

performance for implementing PMEGP in
South Zone

National Award for Excellence in MSE lending

during the year Second Rank

Agricultural Advances First Rank

Fund + Non Fund Based

*
*
*
* Includes Non Priority Housing Loans

(Rs in Crs)

District

Rural

SemiUrban

Urban

Total

Krishna

11

16

Guntur

18

Prakasam

West
Godavari

10

Total

13

13

23

49

Ring Road(Near Benz Circle)

Andhra Loyola College (Near ALC Campus)

Gandhi Nagar (In VUDA Campus)

Governorpet (Near Court)

Seetarampuram (Near Seetarampuram Junction)

Mid Corporate (Labbipet)

Krishna Nagar (Near AutoNagar Checkpost)

Vijayawada Main (Park Road - 1 Town)

Bhavanipuram (Crombay Road)

Ramavarapadu (Near Ramavarapadu Junction)

Parameter

Actual as on 30.09.2013

Total Business Mix

5307.88 Crs

Total Deposits

1310.72 Crs

Total Advances

3997.16 Crs

Profits

126.01 Crs

PURPOSE

Term

Loan

for

Development

of

Projects

(Apartments, Malls, Shopping Complex, Hotel etc).

MARGIN - 30% of cost of construction or amenities in case of

layout etc.

SECURITY - The security will be in the form of land & building

in the name of the borrower. In addition, collateral securities
in the form of any other land and building, NSCs, term
deposits may be obtained.

REPAYMENT PERIOD 36 months*.

RATE OF INTEREST - (Base Rate + 5%) = 15.25%

PURPOSE - Term Loan for Acquisition/ Construction of new flat/

house, Purchase of old house/ flat (not exceeding 25 years old).

TARGET GROUP - Individuals who have regular and independent

source of income from Agriculture/ Profession/ Trade/ Business
etc and through employment including NRIs.

QUANTUM OF FINANCE Upto 90%* of the cost of house.

Rate of Interest (Base Rate + 0%) = 10.25% (At Present)

PURPOSE
To provide advance against the rent receivables.

ELIGIBILITY Owners who let out their property

to reputed companies/PSUs/MNCs/Banks
Commercial Organizations/Individuals.

QUANTUM OF LOAN Maximum of 70% of rentals for unexpired lease

period and rental advance, if any.

SECURITY Mortgage of Same property or other property

valued 150% of Loan Amount.

REPAYMENT PERIOD Maximum of 10 Years ( i.e. 120 EMI)

PURPOSE
For purchase of both new as well as used cars.
For purchase of new two wheelers

ELIGIBILITY - Individuals in employment, business, self-employed

professionals both.

QUANTUM 0F LOAN For new cars/2 wheeler - 90% of the cost of car.
For used cars - 75% of the market value of the car.

SECURITY - Hypothecation of vehicle purchased.

RATE OF INTEREST - (Base Rate + 0.50%) = 10.75% (At Present)