The Hindu Business Line : Narayanasami sees brand image, branch network as IOB strengths

MR T.S. Narayanasami, Chairman and Managing Director, Andhra Bank, is set to take over as the new Chairman and Managing Director of Indian Overseas Bank (IOB). Mr Narayanasami told Business Line, "The brand image of IOB and its network with branches located in strategic and potential centres are a source of strength to the bank. IOB also has the advantage of leveraging on its overseas presence, though limited."

Further, according to Mr Narayanasami, "IOB is well poised for recording a significant increase in overall business and joining the league of big banks in the industry . There is also good potential for augmenting the fee-based income in view of the network of branches as also their strategic locations."

Mr Narayanasami leaves Andhra Bank after being its Chairman and Managing Director for over a year. During his tenure, Andhra Bank's business rose from Rs 36,000 crore to Rs 45,000 crore at the close of the fiscal ended March 2005.

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