IOB sets up branch to serve startups and budding entrepreneurs in Chennai


Indian Overseas Bank (IOB) has set up an exclusive branch to serve startups and budding entrepreneurs in Chennai. The branch would offer a suite of financial products and services. The bank has planned to open five more startup branches nationwide.

Marking the inaugural of the Startup Exclusive Branch, the bank launched ‘IOB Startup Current Account’ and credit scheme ‘IOB Pragati’ for financing startups. By establishing this dedicated branch, IOB aims to remove financial obstacles and empower entrepreneurs to bring their visions to fruition.

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.



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