Inidan Overseas Bank plans 8 new branches in Puducherry, Cuddalore, Nagapattinam, Mayiladuthurai districts
Chennai: 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.
The bank’s 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 the 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 Oveseas 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.
