Current Affairs - Banking - Discussion

Indian Overseas Bank (IOB) as launched the Retail Mart, a retail lending concept, in Kerala's capital city. The Retail Mart has been designed with an aim to complete all the pre-release formailities at the customer's door step and sanction quality retail loans at a competitive rate of interest with a minimum turnaround time. It is planning to disburse an additional Rs 100 crore in retail loans during the current financial year.