Indian Overseas Bank: Ajay Kumar Srivastava appointed as MD and CEO

Indian Overseas Bank:

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. He started his banking career as a probationary officer in 1991 with Allahabad Bank where he worked in various capacities in different parts of the country. He is an astute and hardcore banker with Vast field-level experience and has the distinction of having successfully led the largest and most critical areas of Uttar Pradesh, Gujarat, and Delhi while working at a senior level in Allahabad Bank.

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Career of Ajay Kumar Srivastava:

After the successful completion of about 27 years in Allahabad Bank he was elevated as Executive Director of IOB in October 2017.
He made strategies for each of the key areas and successfully implemented them at the ground level with the support of the Board.
He served the Bank as Executive Director for more than five years and handled all the departments and portfolios during the period.
He was appointed as Director on the Board of India Infrastructure Finance Company by the government for two years. He also served as Director on the Board of Regional Rural Bank in his previous Bank.

Important takeaways for all competitive exams:

Indian Overseas Bank Founded: 10 February 1937, Chennai;
Indian Overseas Bank Founder: M. Ct. M. Chidambaram Chettyar;
Indian Overseas Bank Headquarters: Chennai.

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Sumit Arora

As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.