Is IOB a nationalized bank?

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Is IOB a nationalized bank?

Kamendra kumar 25th Nov, 2022

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Kamendra kumar 25th Nov, 2022

Yes, IOB is a nationalized bank. It also got nationalized in 1969 along with some other 13 banks, meaning now it will no longer be owned by the private sector. At the time of nationalization, IOB had 195 branches in India.

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