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Indian Overseas Bank: Revival Plan

Indian Overseas Bank: Revival Plan
Case Code: BSTR502
Case Length: 16 Pages
Period: 1955-2015
Pub Date: 2016
Teaching Note: Available
Price: Rs.400
Organization : Indian Overseas Bank
Industry :Banking
Countries : India
Themes: --
Indian Overseas Bank: Revival Plan
Abstract Case Intro 1 Case Intro 2 Excerpts

Excerpts

IOB – A Brief History

IOB was started in 1937 with three branches – at Chennai and Karaikudi in India and Rangoon (in Burma, later Myanmar). The founder Chairman was M.Ct.Chidambaram Chettiyar, whose prime vision was to encourage overseas banking and foreign exchange. By 1955, it had opened branches in Hong-Kong, Kuala Lumpur, Singapore, and Colombo. During the 1960s, a consolidation of small Indian banks was happening. IOB acquired a number of banks and became a nationalized bank in 1969 with 168 branches, mostly in South India. In 1990, the bank of Tamilnadu was merged with the IOB. This was a major consolidation.

After steady growth in the 1990s, IOB floated an IPO after which the government holding came down to 75% from 100%. In 2003, IOB floated its second IPO which brought down government holding to 61%.....

The Rise and Fall

In 2010, asked in an interview, “Which areas will be your immediate priority?”, M Narendra (Narendra), the then chairman and Managing Director of IOB, replied that his immediate priority was to re-energize the human resources through an internal program which was being advised by its consultant, KPMG. The interview further unfolded IOB’s ambitious plan to increase its business to Rs. 2.50 trillion from Rs. 2.11 trillion in 2010 and increase the number of its branches to 3000 from 2015.....

IOB’s War Room

IOB had set up a war room to deal with issues ailing the bank. Koteeswaran said, “Even before RBI’s intervention, the bank had set up a separate wing called ‘war room’ with a couple of general managers in charge of an action plan to individually monitor each and every account.”.....

Exhibits

Exhibit I: CRAR, NPA, and RoA
Exhibit II: Prompt Corrective Action Framework
Exhibit III: Gross NPAs of Different Banks in June 2015
Exhibit IV: More about Indradhanush
Exhibit V: Project Indradhanush: Planned Capitalization of Banks
Exhibit VI: Key Performance Indicators for Public Sector Banks*
Exhibit VII A:Income and Expenses of IOB
Exhibit VII B:IOB Balance Sheet
Exhibit VII (C):Exposure of IOB
Exhibit VII (D):Concentration of Deposits and Exposure in 2015
Exhibit VII (E):Branch Expansion and Employee Growth
Exhibit VII (F):Snapshot of Different Advances and Deposits

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