Indian Overseas Bank aims to open 88 new branches in FY2024-25: MD & CEO
Indian Overseas Bank news: The city-headquartered bank under its expansion drive recently inaugurated a new branch in Nagapattinam and the 126th ATM in neighbouring Puducherry.
)
10:44 AM IST
Indian Overseas Bank news: Public sector Indian Overseas Bank has drawn up plans to set up 88 new branches across India this financial year, a top official has said. The city-headquartered bank under its expansion drive recently inaugurated a new branch in Nagapattinam and the 126th ATM in neighbouring Puducherry.
Indian Overseas Bank Managing Director and CEO Ajay Kumar Srivastava after inaugurating the 3,240th branch of the bank at the Medical College in Nagapattinam highlighted the bank's aggressive plans, a press release said here on Friday.
He stated that Indian Overseas Bank aims to open 88 new branches across India this year, with 8 branches targeted specifically in Puducherry, Cuddalore, Nagapattinam and Mayiladuthurai districts to serve the unbanked rural areas.
Indian Overseas Bank is committed to introduce innovative banking products to suit customer needs. The bank's total business crossed Rs 5 lakh crore, showcasing substantial growth, the release added.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
)
)
)
)
)
)
)
Indian Overseas Bank, CII Indian Green Building Council ink pact
444-Day Special FDs: How much can you earn on Rs 2 lakh, Rs 4 lakh, and Rs 6 lakh investments with SBI, Indian Overseas Bank, and Federal Bank? 
Indian Overseas Bank to sell Rs 11,500-crore NPAs to ARCs
Indian Overseas Bank opens retail loan processing centres across cities 
