Karnam Sekar retires as MD & CEO of IOB

The Managing Director (MD) and Chief Executive Officer(CEO) of Indian Overseas Bank (IOB), Karnam Sekar has retired on 30th June 2020. He joined the State Bank of India(SBI) as the Probationary officer in December 1983.

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Sekar joined IOB as an officer on special duty and a Director on 1st April 2019 after the merger of Dena Bank and Vijaya Bank into Bank of Baroda.  He was promoted as the MD and CEO succeeding Subramaniam Kumar on 1st July 2019.

Important takeaways for all competitive exams:

• Indian Overseas Bank Headquarters: Chennai, Tamil Nadu.
• Indian Overseas Bank Founded: 10 February 1937.

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