IOB's business crosses Rs 2, 59, 000 crore'

September 10, 2011

Mangalore, September 10: Indian Overseas Bank, which is in the midst of the Platinum Jubilee celebrations, has crossed business level of Rs 2,59,000 crore recording an increase of 35.2 per cent growth as on March 31, 2011, said M Narendra, Chairman-cum-Managing Director, IOB.

He was speaking with media persons at 'Meet the Press' programme organized by DK District Working Journalists' Association at press club here on Saturday.

He said Bank has deposits of Rs 7,037 crore, advances of Rs 4,066 crore with a total business exceeding Rs 11,103 crore.

The Chairman said that it was the endeavour of the bank to set up 55% of its branches at unbanked and underbanked areas.

The IOB Bhoomi Lakshmi was intended to give assistance to the small farmers to buy land and IOB Sagar Lakshmi to extend working capital to fisherwomen, he said.

He said the number of Automated Teller Machines would be raised from 1,210 to 3,000 at the shortest possible period.

IOB has 25 branches functioning under Mangalore Regional Office and four more branches were added. IOB is also planning to open 11 branches in and around Mangalore, he revealed.

Mr Narendra said under financial inclusion, Mangalore Region has covered 7 villages.

P B Harish Rai, President of DKWJA, Srinivas Nayak Indaje, Secretary were present.

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Situation in Nagamangala town peaceful after Ganesh idol procession violence: Home Minister

News Network

September 14,2024

Bengaluru: Karnataka Home Minister G Parameshwara on Saturday said the situation in violence-hit Nagamangala town in Mandya district is peaceful now, and steps have been taken to ensure that no untoward incidents take place.

Clashes had broken out between two groups during the Ganesh idol procession in the town, following which mobs went on a rampage with stone pelting and targeting several shops and vehicles leading to tension on Wednesday night.

"Situation in Nagamangala is now peaceful and there is no problem there. I have also instructed officials to hold a peace meeting there. We have instructed officers to ensure that no untoward incidents take place, enough police force is also stationed there," Parameshwara told reporters here.

About 55 people have been arrested in connection with the incident and they have been sent to judicial custody, according to police sources.

Responding to a question on opposition parties including JD(S) leader H D Kumaraswamy raising doubts about the FIR, he said, "The police will do what has to be done in accordance with law..."

Asked about BJP sending a fact finding team to Nagamangala, the Home Minister said, "Let them find the facts and inform us, and if there is any fact from their fact finding, we will look into it. It will make our work a bit easier." The BJP panel consisting of MLA C N Ashwath Narayan, former Minister Byrathi Basavaraj, former Minister K C Narayana Gowda, state secretary Lakshmi Ashwin Gowda, and former IPS officer Bhaskar Rao, will visit the spot and submit a comprehensive report to the party in a week.

According to police, an argument had broken out between two groups, when the Ganesh idol procession by devotees from Badri Koppalu village reached a place of worship on Wednesday, and some miscreants hurled stones, which escalated the situation.

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