GK
BANKING AWARENESS AND SEBI
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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In which year “Indian Overseas Bank” was formed?
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1931
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1935
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1937
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1939
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Explanation:
Detailed explanation-1: -Indian Overseas Bank (IOB) was founded in February 1937 with twin objectives of specialising in foreign exchange business and overseas banking. It started out with three branches located at Karaikudi and Chennai in India and Rangoon in Burma (presently Myanmar ).
Detailed explanation-2: -What Is the Full Form of IOB? The full form of IOB is Indian Overseas Bank. IOB was established in 1937 as a public sector bank to specialise in international exchange and international banking. It has its head office in Chennai, India.
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