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Ajay Kumar Srivastava to be the next MD and CEO of Indian Overseas Bank

Category : Appointment/Resignation
Published on: September 30 2022 Share on facebook

  • The Government of India has approved the appointment of Ajay Kumar Srivastava as the Managing Director and Chief Executive Officer (CEO) of Indian Overseas Bank  for a three year term with effect from 1 January 2023.
  • Ajay Kumar Srivastava is presently the Executive Director in the bank.
  • The present MD and CEO of IOB, Partha Pratim Sengupta’s tenure ends on 31 December 2022.
  • It is a public sector bank owned by the government of India 
  • The Indian Overseas bank was founded by M. Chidambaram Chettyar in 1937.
  • It was nationalized by the government of India in 1969.
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