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Home » Private Banks in India » Bharat Overseas Bank | |||||||||||||||||
Bharat Overseas Bank |
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Bharat Overseas Bank (BOB) was a private bank based in Chennai, India. In 2007 it merged with Indian Overseas Bank, which took over all the bank's employees, assets, and deposits. BOB was established in 1973 order to take over for the Bangkok branch of the Indian Overseas Bank. It was one of the few private banks that the Reserve Bank of India permitted to have a branch outside of India and was the only bank representing India in Thailand. |
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Undoubtedly, being tech-savvy and full of expertise, private banks like Bharat Overseas Bank have played a major role in the development of Indian banking industry. They have made banking more efficient and customer friendly. In the process they have jolted public sector banks out of complacency and forced them to become more competitive. |
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