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2015-IOB started migration from its in-house CBS platform to Finacle. January 2016- All branches migrated from in house CBS platform "CROWN" to FINACLE. [5] February 2024- On Friday, February 2, 2024, Indian Overseas Bank (IOB) reached a noteworthy milestone by being the fifth public sector lender to reach ₹1 lakh crore in market ...
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)
Structured Financial Messaging System (SFMS) is a secure messaging standard developed to serve as a platform for intra-bank and inter-bank applications.It is an Indian standard similar to SWIFT which is the international messaging system used for financial messaging globally.
In 2010 Malaysia awarded a commercial banking license to a locally incorporated bank to be jointly owned by Bank of Baroda, Indian Overseas Bank and Andhra Bank. The new bank, India International Bank (Malaysia), is based in Kuala Lumpur. Andhra Bank will hold a 25% stake in the joint venture. Bank of Baroda will own 40% and IOB the remaining 35%.
Indian Overseas Bank; MCB Bank; National Development Bank; Nations Trust Bank; Pan Asia Bank; People's Bank; Public Bank Berhad; Sampath Bank; Seylan Bank; Standard Chartered Bank; State Bank of India; Hong Kong and Shanghai Banking Corporation (HSBC) Union Bank of Colombo; Source: Central Bank, March 2021 [1]
In the United Kingdom, all banks and building societies are required by law to provide a bank statement on paper or in another durable medium to customers, [5] unless where the customer has a passbook, is a customer of an online only bank or has elected not to receive paper statements.
The bank made a profit of Rs 14.42 Crore in the year 2013–14. [2] The bank had a CD ratio of 59.5% at the time of amalgamation. In 2015, Odisha Gramya Bank came third in the ranking of all banks in Odisha on Financial Inclusion parameters, with a score of 67 out of 100, becoming eligible to handle Government business including State PSU deposits.
It will be a unique identifier that your bank uses to transfer money and make payments using the IMPS (Immediate Payments Service). IMPS is faster than NEFT and lets you transfer money immediately and unlike NEFT, it works 24/7. This means that the online payments will become much easier without requiring a digital wallet or credit or debit card.