Indian Overseas Bank Expands Startup Banking, Launches IOB Gram Sweekar

• Indian Overseas Bank (IOB) expanded its startup banking network and launched 'IOB Gram Sweekar' on its 90th Foundation Day.
• New 'Startup Banking' branches were operationalized in Delhi, Mumbai, and Bengaluru, following the success of the Chennai branch.
• The Chennai Startup Banking branch, launched in June 2024, supported 33 startups and handled over Rs 100 crore in business by January 31, 2026.
• 'IOB Gram Sweekar' is a rural outreach program adopting 90 Gram Panchayats in Tamil Nadu and Thiruvananthapuram, Kerala.
• The program aims to strengthen credit delivery, enhance financial literacy, and ensure universal access to financial products in rural communities.