Indian Overseas Bank to Shut 10 Regional Offices

New Delhi: Indian Overseas Bank (IOB) on Monday said it will rationalise the number of its regional offices by closing 10 such offices to improve efficiency. "Our Bank at its meeting held in 12.12.2015 decided to rationalise the number of regional offices in the country by reducing 10 regional offices from existing 59. The estimated date of closure is 1.3.2016," the public sector lender said in a clarification to the BSE. "The clos...