Indian Overseas Bank Employee Reviews about "job security"

Updated 14 May 2020

To filter reviews, or .
3.2
49%
Recommend to a Friend
47%
Approve of CEO
Indian Overseas Bank Managing Director and CEO  Karnam Sekar
Karnam Sekar
7 Ratings
Pros
  • "Public sector bank - challenges with job security(in 15 reviews)

  • "It is one of the most customer friendly public sector bank(in 8 reviews)

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

  • "Bad HR policies at different levels(in 5 reviews)

More Pros and Cons

Reviews about "job security"

Return to all Reviews
  1. "Good only for short term of getting practically training in retail banking but worst PSU overall."

    2.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Branch Manager 
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at Indian Overseas Bank full-time for more than 8 years

    Pros

    SECURE JOB BEING GOVT PSU & GOOD FOR SOUTH INDIANS.

    Cons

    ADVERSE AND SEVERE ACCOUNTABILITY WITH ILLOGICAL REASONS TO KEEP EMPLOYEES DEPRESSED & ANXIOUS, FOR EVERY LOAN GONE BAD ILLEGAL CHARGE SHEETS ISSUED TO EVEN INNOCENT AND HARD WORKING OFFICERS.

    Continue reading
  2. "not happy"

    2.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Clerk in New Delhi
    Doesn't Recommend
    Neutral Outlook
    No Opinion of CEO

    I have been working at Indian Overseas Bank full-time

    Pros

    job security but that is also under peril of being privatized by govt in a few years

    Cons

    poor salary every policy in the bank is only for officers clerks are 2nd class citizens


  3. "Ist line at branch"

    4.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Branch Manager in Pānīpat
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Indian Overseas Bank full-time for more than 8 years

    Pros

    Public sector bank - challenges with job security

    Cons

    Constraints- team staff shortage and basic infrastructural issues

  4. "Not for Ambitious and risk taking candidates"

    3.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Anonymous Employee 
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    I have been working at Indian Overseas Bank full-time

    Pros

    Job security can be termed as only pro which is also under danger under present government.

    Cons

    Long working hours, dismal compensation compared to private sector peers, Extreme pressure of targets which almost equals private sector peers, Threatening mails and call everyday , Non cooperative regional offices and top management , Too much politics, No proper infrastructure in atleast 30% of branches and so on..

    Continue reading
  5. "Job satisfaction"

    5.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Manager in Vāranāsi
    Recommends
    Positive Outlook
    No Opinion of CEO

    I have been working at Indian Overseas Bank full-time for more than 8 years

    Pros

    Nationalised Bank, Job security less competition

    Cons

    Salary needs improvement transparent transfer policy

    Continue reading
  6. "Officer"

    3.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Assistant Manager 

    I have been working at Indian Overseas Bank full-time for more than 5 years

    Pros

    PSU JOB so Job security

    Cons

    No proper work allocation.

  7. Helpful (1)

    "Assistant Manager"

    4.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Assistant Manager in Chennai
    Doesn't Recommend
    Positive Outlook
    Approves of CEO

    I worked at Indian Overseas Bank full-time for more than 3 years

    Pros

    Current management has changed. Now they are more inclined towards rewarding your work. Job security

    Cons

    Still some politics can be observed . Less staff more work

    Continue reading
  8. "Branch Manager"

    4.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Branch Manager in Tumakuru
    Recommends
    Positive Outlook
    Disapproves of CEO

    I have been working at Indian Overseas Bank full-time for more than 5 years

    Pros

    It is one of the most customer friendly public sector bank. IOB provides better learning opportunities for its staff. There is 100% job security because this is a government bank and giving good benefits to the staff like staff quaters facility, NPS and other benefits.

    Cons

    Long Working hours, too much pressure for NPA recovery and selling of para banking products.

    Continue reading
  9. "GOOD"

    2.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Senior Clerk in New Delhi
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    I worked at Indian Overseas Bank full-time for less than a year

    Pros

    Stability Flexibility Job security and Work life balance in life and office

    Cons

    Nothing I could find here

    Continue reading
  10. ""Public Sector" Bank"

    3.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Manager in Chennai
    Recommends
    Negative Outlook
    Disapproves of CEO

    I have been working at Indian Overseas Bank full-time for more than 5 years

    Pros

    Good learning opportunity of PSB experience. Job security. Work life balance depends on individual. If they perform good work they are expected to not take leave and work on all days including holidays.

    Cons

    HR policy could be improved a lot, since it could frustrate people a lot. Proper Training is not provided.

    Continue reading
Found 15 reviews