Indian Overseas Bank (IOB) has tied up with realty portal Magicbricks for the e-auction of 500 plus re-possessed properties worth more than Rs 800 crore. The auction will take place in two phases beginning October 21 and on October 30. The properties spread across 12 cities are to be auctioned.
Indian Overseas Bank is a pioneer in many fields - Banking, Insurance and Industry with the twin objectives of specialising in foreign exchange business and overseas banking.