Ajay Kumar Srivastava to take over as the MD and CEO of the Indian Overseas Bank

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Ajay Kumar Srivastava will take over as the Managing Director (MD) and Chief Executive Officer (CEO) of the Public sector Indian Overseas Bank from 1 January 2023.  Prior to taking up the new role, Srivastava was serving as an executive director in the bank.

He will replace Partha Pratim Sengupta whose tenure ends on 31 December 2022.

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 

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. 

It has four branches and offices in Singapore, Hongkong, Thailand and Sri Lanka.

Headquarters: Chennai 

Tagline of the bank: Good People to Grow With