Bangkok to get second branch from IOB
By Vaibhav Aggarwal
Oct 14, 2011
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Public sector lender Indian Overseas Bank has laid up plans to come up with yet another branch in Bangkok, Thailand. The idea was shared by chairman and managing director of the bank, Mr M Narendra.

With the new branch coming up, the bank would have two branches in Bangkok.

"We have applied to the RBI for one more branch in Bangkok. They (Thailand authorities) have agreed to it. This will be the second branch for IOB in Thailand. We are the only Indian bank to have a branch presence in Bangkok," Mr Narendra said.

The bank is also harboring plans for upgrading its representative office in Vietnam.

Also, said Mr Narendra that the bank has interests to set foot in Dubai International Financial Centre (DIFC). For this, it is likely to be in talks with Dubai Financial Services Authority (DFSA) soon.


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