Indian Overseas Bank (IOB) has cut down the number of loss incurring branches to 157 as on March 2019, from 742 branches in March 2015. The reduction in the number of loss incurring branches can be attributed to the continuous efforts taken by the bank towards reduction of operating expenditure and improving overall operational efficiency.
Indian Overseas Bank is a pioneer in many fields - Banking, Insurance and Industry with the twin objectives of specialising in foreign exchange business and overseas banking.
