Assam floods: Indian Overseas Bank donates Rs 50 lakh to CM Relief Fund

Guwahati, August 12 (MExN): Public sector lender Indian Overseas Bank (IOB) has contributed Rs50 lakh to the Chief Minister's Relief Fund under its Corporate Social Responsibility (CSR) initiative to support communities affected by floods in Assam.

A delegation from IOB's Guwahati Regional Office presented the financial assistance to Assam Chief Minister Dr Himanta Biswa Sarma. The bank delegation comprised Chief Regional Manager Rajiv Kumar, Assistant General Manager Anurag Singh Kshatriya, and Chief Manager Pushkar Singh. 

Commenting on the assistance, IOB Managing Director and CEO Ajay Kumar Srivastava said, "The Bank stands in solidarity with the people of Assam at this difficult time. Our contribution to the Chief Minister's Relief Fund is intended to strengthen the State Government's ongoing relief and rehabilitation efforts in the affected districts, and we remain ready to assist our customers in the affected districts."

The bank noted that the contribution reflects its continuing commitment to supporting communities during times of crisis.

Founded on February 10, 1937, by pioneer M.Ct.M. Chidambaram Chettyar, IOB was among the 14 major commercial banks nationalised by the Government of India in 1969.

At present, IOB maintains a domestic network of 3,522 branches and around 3,691 ATMs, alongside an overseas presence across four countries—Singapore, Hong Kong, Thailand, and Sri Lanka. The bank serves a customer base of over 46 million active account holders.

For the quarter ended June 30, 2026, IOB reported an operating profit of Rs 2,693 crore and a net profit of Rs 1,659 crore.