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Indian Overseas Bank. Indian Overseas Bank (IOB) is an Indian public sector bank based in Chennai. During the nationalisation, IOB was one of the 14 major banks taken over by the government of India. On 5 December 2021, IOB got Degidhan Award 2020–21 by Ministry of Electronics and Information Technology for achieving second highest percentage ...
IOB may stand for: Indian Overseas Bank, a public sector bank in India. Input/Output Block, see Execute Channel Program. Inside Outside Beginning, a file representation format for tagging tokens. Institute of Development Policy and Management, Instituut voor Ontwikkelingsbeleid en -beheer (University of Antwerp, Belgium) Intelligence Oversight ...
Digital banking. Digital banking is part of the broader context for the move to online banking, where banking services are delivered over the internet. The shift from traditional to digital banking has been gradual, remains ongoing, and is constituted by differing degrees of banking service digitization. Digital banking involves high levels of ...
Indian Bank is an Indian public sector bank, established in 1907 and headquartered in Chennai. It serves over 100 million customers with 40,187 employees, 5,847 branches with 4,937 ATMs and Cash deposit machines. Total business of the bank has touched ₹1,221,773 crore (US$150 billion) as of 31 March 2024. The bank's information systems and ...
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The Reserve Bank of India, India's central banking authority, was established in April 1935, but was nationalized on 1 January 1949 under the terms of the Reserve Bank of India (Transfer to Public Ownership) Act, 1948 (RBI, 2005b). [ 31 ] In 1949, the Banking Regulation Act was enacted, which empowered the Reserve Bank of India (RBI) to ...
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Bharat Overseas Bank. Bharat Overseas Bank (BOB) was a private bank based in Chennai, India. In 2007, it merged with Indian Overseas Bank, which took over all the bank's employees, assets, and deposits. BOB was established in 1973, in order to takeover for the Bangkok branch of the Indian Overseas Bank. It was one of the few private banks that ...