Ajay Kumar Srivastava becomes new MD and CEO of Indian Overseas Bank

Ajay Kumar Srivastava becomes new MD and CEO of Indian Overseas Bank

Daily Current Affairs   /   Ajay Kumar Srivastava becomes new MD and CEO of Indian Overseas Bank

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Category : Appointment/Resignation Published on: January 03 2023

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  • Ajay Kumar Srivastava has been elevated as Managing Director and CEO of Indian Overseas Bank with effect from January 1, 2023 from his current posting as executive director.
  • Prior to taking up the new role, Srivastava was serving the city-headquartered bank as its executive director.
  • Srivastava commenced his banking career as a probationary officer in Allahabad Bank in 1991.
  • After serving over 27 years, he joined Indian Overseas Bank in October 2017.
  • Indian Overseas Bank is one of the public sector banks (PSB) in India.
  • Apart from him Government of lndia has appointed Sanjay Vinayak Mudaliyar, chief general manager at Bank of Baroda as executive director in IOB for a period of three years with effect from the date of assumption of office on or after 1 January 2023. 
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