MD Karnam Sekar Appointed As IOB’s New MD & CEO

Former Dena Bank MD & CEO Karnam Sekar is set to take over as the new Managing Director and CEO of Indian Overseas Bank from July 1, 2019. He will take over from R Subramaniakumar.

Earlier Sekar was the MD & CEO of Dena Bank till September 2018. He was also the Deputy Managing Director and Chief Credit Officer in State Bank of India heading its highest Credit Committee.

Source: Economic Times

Static/Current Takeaways Important for LIC AAO Exam:

  • IOB Headquarters: Chennai.

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