Bharat Overseas Bank

Bharat Overseas Bank (BOB) 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 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%), Vysya Bank (14.66%), Karur Vysya 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.^[1] ^[2]

References

↑ "Banks: Consolidation the buzzword". Equitymaster (Rediff.com). 2004-12-25.
↑ "IOB, Bharat Overseas to merge". economictimes. 26 December 2005. Retrieved 20 December 2013.

External links

Indian Overseas Bank Official Website

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.

Our Bureau (2005-07-19). "Bharat Overseas Bank to raise Rs 100 cr through IPO in October". The Hindu Business Line (Mumbai).
"Bharat Overseas IPO plan flounders". Moneycontrol. 2005-11-17.
"IOB, Bharat Overseas to merge". The Economic Times (Times Internet Limited). 2005-12-26.
BS Banking Bureau (2006-01-28). "IOB set to take over Bharat Overseas Bank". Business Standard (Mumbai: Rediff.com India Limited).
The Hindu (2006-03-11). "IOB retrieves Bangkok branch of Bharat Overseas Bank". Business Standard (Chennai: Thaindian.com).

Banking in India

Reserve bank	Reserve Bank of India

Public sector banks	Allahabad Bank Andhra Bank Bank of Baroda Bank of India Bank of Maharashtra Bharatiya Mahila Bank Canara Bank Central Bank of India Corporation Bank Dena Bank IDBI Bank Indian Bank Indian Overseas Bank Oriental Bank of Commerce Post Bank of India Punjab & Sind Bank Punjab National Bank State Bank of Bikaner & Jaipur State Bank of Hyderabad State Bank of India State Bank of Mysore State Bank of Patiala State Bank of Travancore Syndicate Bank UCO Bank Union Bank of India United Bank of India Vijaya Bank

Private sector banks	Axis Bank Bandhan Bank Catholic Syrian Bank City Union Bank DCB Bank Dhanlaxmi Bank Federal Bank HDFC Bank ICICI Bank IDFC Bank IndusInd Bank Jammu & Kashmir Bank Karnataka Bank Karur Vysya Bank Kotak Mahindra Bank Lakshmi Vilas Bank Nainital Bank RBL Bank (Ratnakar Bank) South Indian Bank Tamilnad Mercantile Bank Limited Yes Bank

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Interbank networks	BANCS Cashnet CashTree Cirrus IMPS MITR NFS PLUS RuPay

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Related topics	Banking Codes and Standards Board of India ATM usage fees in India De-Materialisation (DEMAT) Foreign Exchange (FOREX) Indian Financial System Code (IFSC) List of banks in India National Electronic Fund Transfer (NEFT) National Payments Corporation of India Real Time Gross Settlement (RTGS) Structured Financial Messaging System (SFMS) Prepaid Payment Instruments in India

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Bharat Overseas Bank

References

External links

Further reading