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Searched Tag: indian overseas bank iob

An Indian Overseas Bank branch in Jagargunda village of Chhattisgarh’s Sukma district.

Jagargunda gets first bank after decades of Maoist violence

January 21, 2026, 04:46 PM - 3 min read

Jagargunda in Chhattisgarh’s Sukma district has got its first bank branch after over two decades, restoring formal banking in an area once under Maoist control and easing access to welfare schemes and financial services for remote villages.

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As more essential items become cheaper, there is increased demand expected in the retail, micro, small and medium enterprises (MSMEs), as well as the agricultural sectors, said Ajay Kumar Srivastava, Managing Director and CEO, Indian Overseas Bank (IOB).

GST revamp will lead to better cash flow, overall growth: IOB CEO

September 7, 2025, 02:22 PM - 2 min read

Indian Overseas Bank MD and CEO, Ajay Kumar Srivastava, has said the recent restructuring of the country’s Goods and Services Tax system will make taxation more transparent and boost consumption in the rural markets

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