SDO (C) Dimapur, Dr. Kadambari Bhagat IAS speaks after inaugurating the bank on Thursday. (Morung Photo)
DIMAPUR, FEBRUARY 6: Entering stiff competition in the banking sector in the commercial hub of the state, the Indian Overseas Bank (IOB) on Thursday opened its branch at Marwari Patty, Jain Temple Road, Dimapur. The Branch was inaugurated by SDO (C) Dimapur, Dr. Kadambari Bhagat IAS.
The Government undertaking nationalized bank is the 37th branch in Northeast.
Senior Regional Manager IOB Guwahati, S.K. Mohapatra said that the bank, apart from rendering normal banking services to the people, would offer loans in the education sector, agriculture, self help groups and other areas seeking to empower the youth and women.
Speaking about the bank’s prospects, he said IOB stood at 7th rank in All India bank business transactions.
Dr. Kadambari said economy and the banking sector was intertwined and expressed happiness that the bank would be catering its services to different sections of the society benefitting the people.
IOB Dimapur is the first branch in the state and it plans to expand its branches to other districts as well. It has over 5000 branches spread across the country.
