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 (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.