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Thursday, August 15, 2013

IOB on network expansion spree

Indian Overseas Bank is aggressively expanding its network. The bank has added nearly 1,000 branches to its network in the last three years.

The 3,000th branch of the bank is to be inaugurated on August 17 at Vaniankudi by Union Finance Minister P. Chidambaram. This is to be followed by another at Kothakottai in Pudukottai District on August 18.

IOB, according to its Chairman and Managing Director Narendra, has risen to become the seventh largest bank in the country.

Source: thehindubusinessline


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