Government extends tenure of Indian Overseas Bank MD & CEO
Central Government has extended the tenure of Shri Ajay Kumar Srivastava, Managing Director and Chief Executive Officer, Indian Overseas Bank.
The Central Government has extended the tenure of Shri Ajay Kumar Srivastava, Managing Director and Chief Executive Officer, Indian Overseas Bank, beyond his currently notified term which is ending on 31.12.2025.
The extension is till the date of completion of his 10 years' tenure as Whole-Time Director in Indian Overseas Bank, i.e., w.e.f. 01.01.2026 up to 08.10.2027, or until further orders, whichever is earlier.
Shri Ajay Kumar Srivastava has joined as Managing Director and CEO of Indian Overseas Bank with effect from 1st January 2023 from his current posting as Executive Director since 9th October 2017.
He started his banking career as 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 senior level in Allahabad Bank.
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