The government has announced that Karnam Sekar (MD and CEO of the erstwhile Dena Bank) will take over as MD and CEO of Indian Overseas Bank from July 1. His term will end in June 2020. Also, R A Sankara Narayanan (former MD and CEO of Vijaya Bank) will move to Canara Bank as MD and CEO. His term will end in January 2020.
Source- The Hindu Business Line
Static/Current Takeaways Important For LIC AAO Mains Exam:
- Indian Overseas Bank Headquarters in Chennai, Tamil Nadu.
- Canara Bank headquarters in Bengaluru, Karnataka.