IOB Has Planned to Open Its Second Branch at Bangkok

By Pradeep Yuvaraj | August 20, 2011

A recent press report said that Indian Overseas Bank has planned to come up with yet another branch in Bangkok, Thailand. Mr. M. Narendra chairman and managing director of the bank told the press about the bank’s plan to open another branches.

Mr. Narendra, regarding the issue said that the bank has applied to the RBI for one more branch in Bangkok. He said that the authorities of Thailand have agreed to the launch of IOB’s new branch in the country. This will be the second branch for IOB in Thailand. Mr. Narendra said that the bank has plans to set its foot in Dubai International Financial Centre (DIFC). He said that the bank is likely to be in talks with Dubai Financial Services Authority

Reports said that the bank is also planning to upgrade its representative office in Vietnam. We are the only Indian bank to have a branch presence in Bangkok. Indian Overseas Bank (IOB) is a major bank based in Chennai. It has around 2018 domestic branches and six branches overseas. It offers a wide range of service to its customers. Its loan portfolio includes home loan, personal loan, vehicle loan, gold loans, mortgage loans etc.

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About Pradeep Yuvaraj

Pradeep Yuvaraj is a Co-Founder and Director at Finerva Financial Solutions Private Limited, a financial education company focused on personal finance education. He has penned over 250 articles relating to Personal Finance and clocked over 500 hours of educating individuals on managing personal finance. He is a serial entrepreneur and has been associated with 7 Start-ups. His entrepreneurial experience spans industries as varied as Education, Gas Engineering, Automobile Design, Software development and more recently a Pure play presentation design company. Prior to turning entrepreneur in 2005, he has worked for 3 of the top ten companies of the world - Shell, ExxonMobil and Total SA. This experience included handling Branch Operations, Channel Sales and Business Development across 5 states over a period of 8 years. He holds an MBA from Symbiosis and an Electronics Engineering Degree from the University of Pune.

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