Indian Overseas Bank Celebrates 85th Foundation Day
Chennai, February 10, 2022: Indian Overseas Bank celebrates its 85th Foundation Day today – 10.02.2022 (Thursday).
The day was marked by garlanding of the Founder’s Statue by the MD & CEO Shri Partha Pratim Sengupta and Executive Directors Shri Ajay Kumar Srivastava and Smt. S Srimathy at the Central office premises of the Bank at Chennai. The members of the Founder’s Family Shri M CT P Chidambaram (Grandson of the Founder), Smt. Chandrika Chidambaram, w/o Shri M CT P Chidambaram and Ms Nandini Valli (Grand Daughter of the Founder) were Gu ests of Honour for the day.
The MD & CEO in his speech stated that each one of the IOBians have to be a visionary like the Founder and take the Bank forward to greater heights. He also stated that the Bank is heading towards the Digital transformation when the Bank will reach out to Gen next customers through all digital means. The speech was followed by Spe cial address by the Founder family members who graced the occasion. The MD & CEO inaugurated 85 Cash Re cyclers today at various centres across the Nation including Assam (East), Gujarat (West), Nagercoil (South) and Jammu (North).
The Bank also introduced ATM screens in 8 Regional Languages i.e. Bengali, Gujarati, Kannada, Marathi, Oriya, Punjabi, Telugu and Tamil. The ATM screens of the Bank are already available in English and Hindi. On the occas ion, the Top Management recognised and rewarded Top Performers of the Bank in various initiatives including Digital Banking, Retail Banking etc.
About Indian Overseas Bank
Founded on February 10, 1937 by M. Ct. M. Chidambaram Chettyar with the twin objectives of specialising in foreign exchange business and overseas banking, Indian Overseas Bank (IOB) has ever since created various mil estones in Indian Banking Sector. IOB is today a leading public sector bank headquartered in Chennai (India). Th e bank has the distinction of simultaneously commencing operations in three branches at Karaikudi, Chennai and Yangon (Myanmar). Since the bank aimed to encourage overseas banking and foreign exchange operations, it soon opened its branches in Penang and Singapore. Today, Indian Overseas Bank covers a vast domain in the banking sector with over 3214 domestic branches, 3270 ATMs and 4 overseas branches.
IOB is now aggressively focussing on ‘Digital Banking’, with a view to doing away with all the paperwork like che ques, pay-in slips, demand drafts and so on, through its robust digital platform. Through Digital Banking, IOB wa nts to give its customers the luxury of freely accessing and performing all traditional banking activities 24×7 wit hout having to personally go to a bank branch to get one’s work done. Digital Banking with IOB is possible thro ugh a laptop, tablet or one’s mobile phone. Over the last few years, Digital Banking has drastically changed the way IOB and its customers interact with each other. More and more IOB customers are today being connected to its Digital Banking platform with each passing day.
