IOB appoints Digital Consultant for the Bank

INDIAN OVERSEAS BANK (IOB), as part of its growth strategy, intends to transform its banking services into a DIGITALIZED FORM with an aim to increase its DIGITAL SHARE in the market. Towards achieving this goal, the Bank has appointed M/s. Ernst & Youngas its DIGITAL CONSULTANT.

The DIGITAL CONSULTANT, the Bank believes, would help the Bank to stay more focussed on leveraging and adopting new technologies and to enhance the service quality and service delivery to its customers. This initiative would also help the Bank to accelerate DIGITALIZATION in all the areas of Banking including its Assets and Liability products and services.

According to MD & CEO of IOB, Shri Partha Pratim Sengupta, with this new initiative, the Bank is poised to attract Millennial customers who are techsavvy. Bank will now be confident of providing all customers a hassle free and seamless Banking experience.

Shares of INDIAN OVERSEAS BANK was last trading in BSE at Rs.16.15 as compared to the previous close of Rs. 16.15. The total number of shares traded during the day was 1473854 in over 1248 trades.

The stock hit an intraday high of Rs. 16.75 and intraday low of 15.9. The net turnover during the day was Rs. 23879683.

Source : Equity Bulls

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