Indian Overseas Bank Reviews

Updated Sep 11, 2021

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Found 163 of over 175 reviews

3.7
54%
Recommend to a Friend
74%
Approve of CEO
Indian Overseas Bank Managing Director and CEO  Karnam Sekar
Karnam Sekar
32 Ratings
Pros
  • "Public sector bank - challenges with job security(in 19 reviews)

  • "Friendly staff compared to other Public sector banks,less work pressure,job security,reputed and historic bank,good package(in 9 reviews)

  • Cons
  • "Bad HR policies at different levels(in 7 reviews)

  • "Excessive interference of Union for Employee transfers which undermines the business motive of the bank(in 7 reviews)

  • More Pros and Cons
    Pros & Cons are excerpts from user reviews. They are not authored by Glassdoor.
    1. 4.0
      Former Employee, more than 10 years

      Chief Manager

      Sep 11, 2021 - CHIEF MANAGER 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Good career oppertunities wide areas for working

      Cons

      Frequent transfers employee to be agreeable

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    2. 5.0
      Current Employee

      Best PSB to work in

      Sep 5, 2021 - Credit Manager in Bangalore
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Presence across the country with strong hold in Tamil Nadu Employee centric Top performing psb

      Cons

      Scarcity of staff Was in loss for past few years Talks of privatisation is undergoing

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    3. 4.0
      Former Employee

      Review of IOB

      Sep 1, 2021 - IOB in New Delhi
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Employee centric policies, staff cooperative

      Cons

      Risky job Underpaid No appreciation and recognition

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    4. 5.0
      Former Employee, more than 10 years

      One of the best public sector Bank.

      Aug 24, 2021 - Senior Manager in Berhampur
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Bank take care the needs of its employee

      Cons

      As usual Very much stress in Recovery front due to covid19

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    5. 4.0
      Current Employee, more than 5 years

      Monotonous, no growth

      Aug 23, 2021 - Deputy Manager 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Job security good number of leaves

      Cons

      transferable job monotonous No professional growth Late sitting, No learning

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    6. 4.0
      Current Employee, more than 10 years

      IOB

      Aug 18, 2021 - Manager in New Delhi
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Govt bank No performance linked salary Salary credited in time

      Cons

      No performance linked pay No training No employee satisfaction Target for BM

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    7. 2.0
      Current Employee

      .

      Aug 26, 2021 - Senior Manager in Chennai
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Govt job security. It's a govt owned bank

      Cons

      Worst HR. Miss management. Talent destroying

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    8. 5.0
      Current Employee, more than 10 years

      Working Environment

      Jul 24, 2021 - Senior Branch Manager in Ahmedabad
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Less political and management pressure.... Opportunity to grow

      Cons

      Branch infrastructure need to b improved

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    9. 4.0
      Current Employee, more than 8 years

      Good culture

      Jul 23, 2021 - Branch Manager in Noida
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Nice and sound place of working

      Cons

      Shortage of staff as per customer base

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    10. 5.0
      Current Employee, more than 5 years

      Credit Officer

      Jun 21, 2021 - Manager in Jalandhar, Punjab, Punjab
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Job security, Many departments to learn.

      Cons

      Bank has limited opportunities to give out

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