Indian Overseas Bank (IOB) is aiming to increase its lending to the MSME sector from the present Rs 31,000 crore to Rs 50,000 crore in a couple of years from now. To focus on the MSME, which is the need of the hour, the bank has converted 250 branches, including 100 in Tamil Nadu, into MSME-centric branches and given training to 700 employees for the purpose.
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.
