Bharat Overseas Bank
Encyclopedia
Bharat Overseas Bank 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 order to take over for the Bangkok
branch of the Indian Overseas Bank
. It was one of the few private banks that the Reserve Bank of India
permitted to have a branch outside of India, and was the only bank representing India in Thailand
. It was owned by seven banks (initial ownership figures in parentheses): Indian Overseas Bank
(30%), Bank of Rajasthan (16%), Vyasa Bank (14.66%), Karur Vyasa Bank (10%), Federal Bank
(19.67%), South Indian Bank (10%), and Karnataka Bank
(8.67%), but in 2007 Indian Overseas Bank
fully acquired the bank.
Now this bank is merged with Indian Overseas Bank.
All employees ,deposits and advances are now of Indian Overseas Bank and no other website should be used.
Chennai
Chennai , formerly known as Madras or Madarasapatinam , is the capital city of the Indian state of Tamil Nadu, located on the Coromandel Coast off the Bay of Bengal. Chennai is the fourth most populous metropolitan area and the sixth most populous city in India...
, India. In 2007 it merged with Indian Overseas Bank
Indian Overseas Bank
Indian Overseas Bank is a major bank based in Chennai , with 2018 domestic branches and six branches overseas. Indian Overseas Bank has an ISO certified inhouse Information Technology department, which has developed the software that 2018 branches use to provide online banking to customers; the...
, which took over all the bank's employees, assets, and deposits.
BOB was established in 1973 order to take over for the Bangkok
Bangkok
Bangkok is the capital and largest urban area city in Thailand. It is known in Thai as Krung Thep Maha Nakhon or simply Krung Thep , meaning "city of angels." The full name of Bangkok is Krung Thep Mahanakhon Amon Rattanakosin Mahintharayutthaya Mahadilok Phop Noppharat Ratchathani Burirom...
branch of the Indian Overseas Bank
Indian Overseas Bank
Indian Overseas Bank is a major bank based in Chennai , with 2018 domestic branches and six branches overseas. Indian Overseas Bank has an ISO certified inhouse Information Technology department, which has developed the software that 2018 branches use to provide online banking to customers; the...
. It was one of the few private banks that the Reserve Bank of India
Reserve Bank of India
The Reserve Bank of India is the central banking institution of India and controls the monetary policy of the rupee as well as US$300.21 billion of currency reserves. The institution was established on 1 April 1935 during the British Raj in accordance with the provisions of the Reserve Bank of...
permitted to have a branch outside of India, and was the only bank representing India in Thailand
Thailand
Thailand , officially the Kingdom of Thailand , formerly known as Siam , is a country located at the centre of the Indochina peninsula and Southeast Asia. It is bordered to the north by Burma and Laos, to the east by Laos and Cambodia, to the south by the Gulf of Thailand and Malaysia, and to the...
. It was owned by seven banks (initial ownership figures in parentheses): Indian Overseas Bank
Indian Overseas Bank
Indian Overseas Bank is a major bank based in Chennai , with 2018 domestic branches and six branches overseas. Indian Overseas Bank has an ISO certified inhouse Information Technology department, which has developed the software that 2018 branches use to provide online banking to customers; the...
(30%), Bank of Rajasthan (16%), Vyasa Bank (14.66%), Karur Vyasa Bank (10%), Federal Bank
Federal Bank
Federal Bank Limited is a major Indian commercial bank in the private sector, headquartered at Aluva, Kochi, Kerala. As of March 31 2011 it has 743 branches spread across 24 states in India and 803 ATMs around the country.-History:In the year 1931, Travancore Federal Bank was inaugurated at...
(19.67%), South Indian Bank (10%), and Karnataka Bank
Karnataka Bank
Karnataka Bank Limited is a private sector banking institution based in the town of Mangalore in Karnataka, India. The Reserve Bank of India has designated Karnataka Bank as an A1+-class scheduled commercial bank....
(8.67%), but in 2007 Indian Overseas Bank
Indian Overseas Bank
Indian Overseas Bank is a major bank based in Chennai , with 2018 domestic branches and six branches overseas. Indian Overseas Bank has an ISO certified inhouse Information Technology department, which has developed the software that 2018 branches use to provide online banking to customers; the...
fully acquired the bank.
External links
Now this bank is merged with Indian Overseas Bank.
All employees ,deposits and advances are now of Indian Overseas Bank and no other website should be used.