Indian Overseas Bank open new branches in Bangkok, Sri Lanka

Indian Overseas Bank (IOB) to open new branches in Bangkok, Sri Lanka.

Indian Overseas Bank (IOB) has received the approval of Reserve Bank of India Indian-Overseas-Bank-IOB(RBI) for opening a second branch in Bangkok. The Chairman and Managing Director (CMD) of the bank Mr. M. Narendra said in a press meet..

Currently, IOB is the only Indian bank to have a branch in Bangkok. In Sri Lanka, IOB has a full-fledged branch in Colombo, besides an extension counter. Now, the RBI has given the bank the approval to set up a specialised branch in Colombo and also convert the existing extension counter into a branch. In all, IOB will now have three branches in Colombo, Narendra said.

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