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March 21, 2018

Indian Overseas Bank taps online to support training programme beneficiaries

Tiruchirapalli (Tamil Nadu) : The Indian Overseas Bank is all set to provide an online platform for marketing the products manufactured by beneficiaries of its IOB Rural Self Employment Training Institute (RSETI) initiative, as shared on Friday by Executive Director of the bank, R. Subramaniakumar.

The bank also plans to impart soft skill and life skill development training for those who have availed educational loans but were finding it difficult to get proper employment after completing the studies. These two initiatives are part of the comprehensive end-to-end support the bank intends to provide for its training programme beneficiaries, Mr. Subramaniakumar said.

The IOB also hopes to reach out to the lower strata of society and to those on the fringes for whom the full benefits of the banking system has not yet arrived. Disbursal of loans under the Prime Minister’s MUDRA Yojana to identified beneficiaries who own small and micro enterprises is a step in that direction, the Executive Director said.

Lauding the efforts of the IOB RSETI training programme beneficiaries who had displayed their products at an expo, Mr. Subramaniakumar asked them to spread the message of success in life among their friends and community peers for more people to benefit and develop.

Earlier, addressing an executive programme for the IOB senior executives and co-hosted by the SASRTA University, Mr. Subramaniakumar reminded them that the need of the hour was creating a binding force between the clients and the bank in which the role of the senior executives was crucial. Lauding the executives and the staff of the IOB for their exemplary service beyond the call of duty in the demonetisation phase, the Executive Director pointed out that their higher knowledge level which was the inherent strength of the bank helped the bank immensely sail through situation.

SASTRA University Vice-Chancellor R. Sethuraman and Dean S. Vaidyasubramanian spoke at the conclave. IOB General Manager H. K. Jatana and Thanjavur Regional Manager N. Murugan were among those present.

Note: News shared for public awareness with reference from the information provided at online news portals.

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