iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

Indian Overseas bank to open 88 new branches in FY 25

24 May 2024 , 02:01 PM

According to a top executive, the public sector Indian Overseas Bank has plans to open 88 new branches around India during the current fiscal year. In an effort to expand, the bank with its headquarters in Chennai recently opened its 126th ATM in the nearby Puducherry area as well as a new branch in Nagapattinam.

A news release issued on Friday stated that Ajay Kumar Srivastava, the managing director and CEO of Indian Overseas Bank, emphasised the bank’s ambitious ambitions after opening the 3,240th branch at the Medical College in Nagapattinam.

According to him, Indian Overseas Bank plans to open 88 new branches this year, eight of which will be dedicated to serving the unbanked rural areas of Puducherry, Cuddalore, Nagapattinam, and Mayiladuthurai districts.

Indian Overseas Bank is dedicated to offering cutting-edge banking solutions that meet the demands of its clients. According to the announcement, the bank’s overall revenue surpassed Rs 5 lakh crore, indicating significant expansion.

For feedback and suggestions, write to us at editorial@iifl.com

For opening a demat account click on: https://www.indiainfoline.com/

For doing stock trading & investments, go to: https://ttweb.indiainfoline.com/trade/Login.aspx

For loans, go to: https://www.iifl.com/

Related Tags

  • Banking
  • Indian Overseas Bank
  • New Branches
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More
Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.