Indian Overseas Bank Reviews | Glassdoor

Indian Overseas Bank Reviews

Updated June 8, 2017
62 reviews

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Full-time Part-time

3.4
Star Star Star Star Star
Rating Trends Rating Trends
Recommend to a friend
Approve of CEO
Indian Overseas Bank Managing Director and CEO Shri R Koteeswaran
Shri R Koteeswaran
10 Ratings

62 Employee Reviews

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Pros
  • Typical Public Sector Bank with HQ in chennai (in 5 reviews)

  • Good opportunity for youths as promotion s at ease, cordial environment and job security (in 4 reviews)

Cons
  • Poor management and technological lapses (in 3 reviews)

  • lowest perks in entire banking industry, Very dismal attitude of top management towards improvement proposals,very hostile warchdog (in 3 reviews)

More Pros and Cons

  1. "Assistant Manager"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Positive Outlook
    No opinion of CEO

    Pros

    Typical Public Sector Bank with HQ in chennai

    Cons

    If you are a north Indian you would have trouble finding posting in north

    Advice to Management

    Please get rid of union interference in posting


  2. "Good bank"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Jorhat (India)
    Current Employee - Anonymous Employee in Jorhat (India)
    Recommends
    Positive Outlook
    No opinion of CEO

    Pros

    Good work timings
    Good work culture

    Cons

    Poor branch infrastructure
    Less perks

    Advice to Management

    Improve branch infrastructure

  3. "Good"

    Star Star Star Star Star
    Former Employee - Career Path in Chennai (India)
    Former Employee - Career Path in Chennai (India)

    I worked at Indian Overseas Bank (More than 5 years)

    Pros

    Secured, pension benefits,career growth, learning opportunities

    Cons

    Not flexible with timings due to nature of industry, financial risk, transfer

    Advice to Management

    Can think of convenient transfers for promotion


  4. "iob salary for clerk"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Clerk in Thiruvananthapuram (India)
    Current Employee - Clerk in Thiruvananthapuram (India)
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    Pros

    decent salary is an advantage. it is better than working in some cheap private frms

    Cons

    puny when compared to officers salary

    Advice to Management

    staff shortage need to be addressed


  5. "Assistant manager"

    Star Star Star Star Star
    Former Employee - Anonymous Employee in Jaipur, Rajasthan (India)
    Former Employee - Anonymous Employee in Jaipur, Rajasthan (India)

    Pros

    Healthy atmosphere, employee friendly conditions, good learning experience, able guidance, good market report, recommendable place to work for all kinds of employees

    Cons

    public sector enterprise working dealing with all kinds of public having tough time during change in policies and procedures


  6. "Public Sector"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    Pros

    Public Sector Bank, good exposure, focus on client relations

    Cons

    Transfer Policy, lack of training

    Advice to Management

    Be more employee friendly


  7. "Good culture but not a place for growth"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Assistant Manager in Nagappattinam (India)
    Former Employee - Assistant Manager in Nagappattinam (India)
    Approves of CEO

    I worked at Indian Overseas Bank full-time (More than 3 years)

    Pros

    People were really helpful
    Brand name

    Cons

    Lack of infrastructure to support customers leads to argument between staff and customer

  8. "Good people to grow with"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Jalandhar, Punjab (India)
    Current Employee - Anonymous Employee in Jalandhar, Punjab (India)
    Recommends
    Positive Outlook

    I have been working at Indian Overseas Bank full-time (More than 3 years)

    Pros

    Good banking culture, great brand name.

    Cons

    Top management does not care for employees

    Advice to Management

    Take some steps towards employee training


  9. "Good Organisation to Grow"

    Star Star Star Star Star
    Former Employee - Anonymous Employee in Chennai (India)
    Former Employee - Anonymous Employee in Chennai (India)

    I worked at Indian Overseas Bank full-time (More than 3 years)

    Pros

    Lots of opportunity in middle management.

    Cons

    Poor IT infrastructure causing difficulties for customers and employees as well


  10. "Assistant Manager"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Assistant Manager in Gurgaon, Haryana (India)
    Current Employee - Assistant Manager in Gurgaon, Haryana (India)
    Recommends
    Neutral Outlook
    Approves of CEO

    I have been working at Indian Overseas Bank full-time (More than 3 years)

    Pros

    Good opportunity for youths as promotion s at ease, cordial environment and job security

    Cons

    Poor management and technological lapses


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