Indian Overseas Bank (IOB), has announced the expansion of its dedicated Start-up Banking Network. The Public Sector Bank has expanded its exclusive start-up focused branches to Delhi, Mumbai and Bengaluru, building on the success of its first branch in Chennai.
Launched in June 2024, the Chennai start-up branch has supported 33 start-ups operating in emerging sectors such as EVs, clean energy and robotics handled business exceeding ₹100 crore.
The bank has also introduced ‘IOB Gram Sweekar’, a focused rural outreach programme. The programme will focus on strengthening credit delivery, enhancing financial literacy and ensuring universal access to the Bank’s flagship financial products and services. The bank aims to take the initiative to 90 gram panchayats across 14 districts in Tamil Nadu and Thiruvananthapuram district in Kerala.
The initiatives were inaugurated by M Nagaraju, Secretary, Department of Financial Services, along with the Bank’s top management.as part of IOB’s 90th Foundation Day.
“These initiatives underscore IOB’s future-ready approach, combining technology, outreach and collaboration to serve the evolving needs of citizens, entrepreneurs and communities. The Bank remains committed to innovating and expanding its services to contribute meaningfully to India’s economic progress,” said Ajay Kumar Srivastava, MD & CEO, Indian Overseas Bank.
Published on February 15, 2026
