Chennai, October 06, 2021: Indian Overseas Bank (IOB) has received Rajbhasha Keerti prize under the category of officers where staff strength is less than 800 for the year 2020-21, from Ministry of Home Affairs, Govt. of India. The award was received by MD & CEO Shri Partha Pratim Sengupta from Honorable Minister of State for Home Affairs, Govt. of India, Shri Nisith Pramanik at an event organised by the Ministry at New Delhi on 14.09.2021.
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 milestones in Indian Banking Sector.
IOB is today a leading public sector bank headquartered in Chennai (India). The 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 3216 domestic branches, 3223 ATMs and 4 overseas branches.
IOB is now aggressively focussing on ‘Digital Banking’, with a view to doing away with all the paperwork like cheques, pay-in slips, demand drafts and so on, through its robust digital platform. Through Digital Banking, IOB wants to give its customers the luxury of freely accessing and performing all traditional
banking activities 24×7 without having to personally go to a bank branch to get one’s work done. Digital Banking with IOB is possible through 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.