Indian Overseas Bank plans to open 88 new branches in FY24

Indian Overseas Bank is set to establish 88 new branches across India in FY24. The bank recently opned a new branch in Nagapattinam and its 126th ATM in Puducherry. Managing Director and CEO Ajay Kumar Srivastava said that the bank's expansion strategy aimed to serve unbanked rural areas with innovative products. The bank's total business has surpassed Rs 5 lakh crore.