Indian Overseas Bank (IOB) signed a Memorandum of Understanding (MoU) with the Indian Institute of Banking & Finance (IIBF) to launch a comprehensive E-Learning and Certification programme focused on the MSME sector for all IOB officers.
The MoU was formalised in the presence of Ajay Kumar Srivastava, Managing Director & CEO of IOB, Joydeep Dutta Roy, Executive Director, and other senior dignitaries.
This collaboration aligns with IOB’s continuous efforts to strengthen internal capacities in MSME banking and reaffirms its commitment to fostering financial inclusion and economic growth. The initiative also marks a special milestone, coinciding with the 10th year of the Pradhan Mantri Mudra Yojana (PMMY)—a flagship scheme aimed at empowering micro and small enterprises.
Under this partnership, IIBF will provide structured online training modules and certification, equipping IOB officers with enhanced skills to better serve the MSME clientele across the country.
About Indian Overseas Bank
Indian Overseas Bank (IOB) is an Indian public sector bank based in Chennai. During the nationalisation, IOB was one of the 14 major banks taken over by the government of India. On 5 December 2021, IOB got Degidhan Award 2020–21 by Ministry of Electronics and Information Technology for achieving second highest percentage of digital payment transaction among public sector banks.
