Indian Overseas Bank, or IOB, is a public sector bank with headquarters in Chennai, India. It has two electronic banking centers, approximately four international branches, nearly 3,250 local locations, and a representative office. MCT M Chidambaram Chettiyar founded it in February 1937 with the twin goals of focusing on foreign exchange trade and international banking. Indian Overseas Bank was established in 1937 by Chidambaram Chettyar. In 1969, it became one of the 14 significant banks that were nationalized.<\/p>\n