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I am happy that Indian Overseas Bank will be entering its Platinum Jubilee on 10th February, 2011.

The Bank was started by a visionary industrialist from Tamil Nadu from the Nagarathar community. The Nagarathars have rendered yeomen service to the state and the country in the field of finance, banking and insurance. Indian Overseas Bank has played a crucial role in the welfare of the state before and after Independence. As the convenor of the State Level Bankers' Committee for Tamil Nadu, the Bank has been playing a key role in charting the development of the State.

The Bank has been a pioneer in several fields including agriculture, small industries and consumer loans. It is a household name in the cities, towns and villages of Tamil Nadu. The Bank will no doubt play a much bigger role in the development of the State and the Country in the future.

I wish the Platinum Jubilee Celebrations all success.

M. Karunanidhi
Chief Minister, Tamil Nadu

FEATURED VIDEO
Platinum Jubilee Celebrations - 1
IOBIANS Story
IOB has taken up the implementation of Financial Inclusion Plan in letter and spirit. Of the 1273 villages given to it under the financial inclusion plan the Bank has already covered 751 villages and the remaining 522 villages will be covered before Dec 2011, Well ahead of the deadline of March 2012.

The Bank has also extended credit facilities to the account holders. The recently Bank launched the ‘IOB Smile Campaign’ under which the entire staff of the Bank, again on a Sunday visited hamlets and busties across the country spreading smiles and banking. The response was overwhelming proving that the poor are bankable.

The financial inclusion plan is also being implemented through the Bank’s Sampoorna Scheme which seeks to bring total village development in select villages

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