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Indian Overseas Bank

3.4
based on 315 Reviews
Video summary

Working at Indian Overseas Bank

Company Summary

Indian Overseas Bank operates within the public banking sector, providing comprehensive financial services through a vast network of domestic and international branches.

Overall Rating

3.4/5
based on 315 reviews
highly rated categories
11% below
industry average
highly rated categories
Highly rated for

Job security

highly rated categories
Critically rated for

Work-life balance, Company culture, Work satisfaction

Work Policy
Work from office
Work from office
97% employees reported
Monday to Saturday
Monday to Saturday
45% employees reported
Strict timing
Strict timing
69% employees reported
No travel
No travel
38% employees reported
View detailed work policy
Top Employees Benefits
Health insurance
Health insurance
18 employees reported
Job/Soft skill training
Job/Soft skill training
17 employees reported
Office cab/shuttle
Office cab/shuttle
8 employees reported
Cafeteria
Cafeteria
5 employees reported
View all benefits

About Indian Overseas Bank

Founded in1937 (88 yrs old)
India Employee Count10k-50k
Global Employee Count10k-50k
India HeadquartersChennai, Tamil Nadu, India
Office Locations
--
Websiteiob.in
Primary Industry
Other Industries
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View in video summary
Indian Overseas Bank is a major public sector bank based in Chennai, India, with about 3,400 domestic branches, about 6 foreign branches and representative office. Founded in February 1937 by Shri. M. Ct
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Indian Overseas Bank Ratings

based on 315 reviews

Overall Rating

3.4/5
How AmbitionBox ratings work?
5
130
4
84
3
44
2
23
1
34

Category Ratings

4.3

Job security

3.4

Salary

3.0

Skill development

3.0

Promotions

3.0

Work satisfaction

2.9

Company culture

2.8

Work-life balance

Indian Overseas Bank is rated 3.4 out of 5 stars on AmbitionBox, based on 315 company reviews.This rating reflects an average employee experience, indicating moderate satisfaction with the company’s work culture, benefits, and career growth opportunities. AmbitionBox gathers authentic employee reviews and ratings, making it a trusted platform for job seekers and employees in India.
Read more
Gender Based Ratings at Indian Overseas Bank
based on 295 reviews
2.9
Rated by 76 Women
Rated 4.0 for Job security and 2.9 for Salary
3.6
Rated by 219 Men
Rated 4.4 for Job security and 3.6 for Salary

Work Policy at Indian Overseas Bank

based on 29 reviews in last 6 months
Work from office
97%
Permanent work from home
3%

Indian Overseas Bank Reviews

Top mentions in Indian Overseas Bank Reviews

+ 5 more

Compare Indian Overseas Bank with Similar Companies

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Overall Rating
3.4/5
based on 315 reviews
3.8/5
based on 3.9k reviews
3.6/5
based on 1.7k reviews
4.0/5
based on 1k reviews
Highly Rated for
Job security
Job security
Salary
Job security
Job security
Salary
Critically Rated for
Work-life balance
Company culture
Skill development
No critically rated category
Promotions
Company culture
Work satisfaction
No critically rated category
Primary Work Policy
Work from office
97% employees reported
Work from office
81% employees reported
Work from office
84% employees reported
Work from office
86% employees reported
Rating by Women Employees
2.9
Poor
rated by 76 women
3.8
Good
rated by 826 women
3.4
Average
rated by 336 women
4.1
Good
rated by 108 women
Rating by Men Employees
3.6
Good
rated by 219 men
3.8
Good
rated by 2.7k men
3.6
Good
rated by 1.2k men
3.9
Good
rated by 791 men
Job security
4.3
Good
4.1
Good
4.0
Good
4.3
Good
View more

Indian Overseas Bank Salaries

Indian Overseas Bank salaries have received with an average score of 3.4 out of 5 by 315 employees.

Branch Manager

(34 salaries)
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₹8 L/yr - ₹20 L/yr

Chief Manager

(23 salaries)
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₹18 L/yr - ₹40 L/yr

Credit Manager

(19 salaries)
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₹11 L/yr - ₹17 L/yr

IT Manager

(15 salaries)
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₹12.5 L/yr - ₹20 L/yr

Banking Officer

(12 salaries)
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₹5.6 L/yr - ₹13.5 L/yr

Bank Manager

(12 salaries)
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₹7 L/yr - ₹18 L/yr

Business Correspondent

(11 salaries)
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₹1 L/yr - ₹3 L/yr

Assistant General Manager

(8 salaries)
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₹8.1 L/yr - ₹31.8 L/yr

Credit Officer

(8 salaries)
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₹14 L/yr - ₹22 L/yr

Branch Head

(7 salaries)
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₹11 L/yr - ₹14.5 L/yr

Indian Overseas Bank News

View all

Stocks To Watch Today: IIFL Finance, Piramal Enterprises, Dalmia Bharat, NCC, Indian Overseas Bank

Bloomberg Quint | 3 Mar, 2025
Stocks To Watch Today: IIFL Finance, Piramal Enterprises, Dalmia Bharat, NCC, Indian Overseas Bank

Indian Overseas Bank Gets GST Notice Of Rs 700 Crore

Bloomberg Quint | 28 Feb, 2025
Indian Overseas Bank Gets GST Notice Of Rs 700 Crore

PSB stocks will attract investors, despite volatile markets

HinduBusinessLine | 27 Feb, 2025
PSB stocks will attract investors, despite volatile markets

IOB mops up ₹17,000 cr fresh CASA business, targets ₹5,500 cr NPA Recovery for FY25

HinduBusinessLine | 22 Jan, 2025
IOB mops up ₹17,000 cr fresh CASA business, targets ₹5,500 cr NPA Recovery for FY25

IOB reports robust Q3 performance with higher profits & improved asset quality

HinduBusinessLine | 20 Jan, 2025
IOB reports robust Q3 performance with higher profits & improved asset quality

Indian Overseas Bank Q3 Earnings: Net Profit Rises 21% To Rs 874 Crore

Bloomberg Quint | 20 Jan, 2025
Indian Overseas Bank Q3 Earnings: Net Profit Rises 21% To Rs 874 Crore

IOB Share Price Target 2025 To 2030

VIE Stories | 17 Jan, 2025
IOB Share Price Target 2025 To 2030

Six Stocks In News At Noon: Maruti Suzuki, Shoppers Stop To Indian Overseas Bank — Top Gainers And Losers

Bloomberg Quint | 15 Jan, 2025
Six Stocks In News At Noon: Maruti Suzuki, Shoppers Stop To Indian Overseas Bank — Top Gainers And Losers

Indian Overseas Bank Share Price Records Worst Fall In Over Six Months

Bloomberg Quint | 15 Jan, 2025
Indian Overseas Bank Share Price Records Worst Fall In Over Six Months

PSU Bank Stocks Spike On News Of Government Mulling QIP To Dilute Stake

Bloomberg Quint | 14 Jan, 2025
PSU Bank Stocks Spike On News Of Government Mulling QIP To Dilute Stake
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Indian Overseas Bank FAQs

When was Indian Overseas Bank founded?
Indian Overseas Bank was founded in 1937. The company has been operating for 88 years primarily in the Banking sector.
Where is the Indian Overseas Bank headquarters located?
Indian Overseas Bank is headquartered in Chennai, Tamil Nadu.
How many employees does Indian Overseas Bank have in India?
Indian Overseas Bank currently has more than 23,000+ employees in India. BFSI, Investments & Trading department appears to have the highest employee count in Indian Overseas Bank based on the number of reviews submitted on AmbitionBox.
Does Indian Overseas Bank have good work-life balance?
Indian Overseas Bank has a work-life balance rating of 2.8 out of 5 based on 300+ employee reviews on AmbitionBox. 32% employees rated Indian Overseas Bank 3 or below for work-life balance. This rating reflects a negative sentiment among employees for work-life balance. We encourage you to read Indian Overseas Bank work-life balance reviews for more details
Is Indian Overseas Bank good for career growth?
Career growth at Indian Overseas Bank is rated as moderate, with a promotions and appraisal rating of 3.0. 32% employees rated Indian Overseas Bank 3 or below, while 68% employees rated it 4 or above on promotions/appraisal. This rating suggests that while some employees view growth opportunities favorably, there is scope for improvement based on employee feedback. We recommend reading Indian Overseas Bank promotions/appraisals reviews for more detailed insights.
What are the pros and cons of working in Indian Overseas Bank?
Working at Indian Overseas Bank comes with several advantages and disadvantages. It is highly rated for job security. However, it is poorly rated for work life balance, company culture and work satisfaction, based on 300+ employee reviews on AmbitionBox.
Indian Overseas Bank Overview
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