Dhanaraj T assumes position of Executive Director at Indian Overseas Bank

Dhanaraj T assumes position of Executive Director at Indian Overseas Bank

Chennai, 11th March 2024 - Shri Dhanaraj T, 53 years old, has taken charge as the Executive Director of Indian Overseas Bank for a three-year term, effective March 10th, 2024. Prior to this role, he served as the Chief General Manager at Indian Bank and commenced his career as a Rural Development Officer in 1994.

Shri T Dhanaraj holds an Agricultural Engineering Degree from Tamil Nadu Agricultural University, accompanied by additional qualifications such as CAlIB and completion of a 'Leadership Development Program' for PSU bank leaders conducted by IIM-Bangalore. Moreover, he has undertaken an 'Executive program in HR Analytics' (EPHRA) from IIM, Lucknow.

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About Indian Overseas Bank:

Indian Overseas Bank (IOB) was established on 10th February 1937, by Shri. M.Ct.M. Chidambaram Chettyar, a pioneer in various fields. Founded with the primary objective of specializing in foreign exchange business in banking to extend the Bank's reach globally, IOB was one of the 14 major banks nationalized in 1969

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As of 31st December 2023, Indian Overseas Bank operates 3226 Branches, 4 overseas branches, 3516 ATMs & CDMs, and 2 Digital Banking units, with aggregate deposits of Rs. 2.78 Lakh Crores and Advances of Rs. 2.16 Lakh crores, resulting in a total business mix of Rs. 4.94 Lakh crores.

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