BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Indian Overseas Bank is a major public sector bank based in Chennai. Who is present MD & CEO of Indian Overseas Bank?
A
PS Jayakumar
B
T C A Ranganatha
C
R Subramaniakumar
D
Sunil Mehta
Explanation: 

Detailed explanation-1: -M. Chidambaram Chettyar, a pioneer in many fields. IOB started business simultaneously-at Karaikudi, Chennai and Rangoon in Burma (presently Myanmar) followed by a branch in Penang, Malaysia.

Detailed explanation-2: -R Subramaniakumar is an Indian businessman. He is the managing director and chief executive officer of Ratnakar Bank Limited. He was the former executive director at Indian Bank and Indian Overseas Bank.

Detailed explanation-3: -Meanwhile, the bank also informed that Government of lndia has appointed Sanjay Vinayak Mudaliyar, chief general manager at Bank of Baroda as executive director in IOB for a period of three years with effect from the date of assumption of office on or after 1 January 2023.

Detailed explanation-4: -Shri Ajay Kumar Srivastava has been elevated 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.

There is 1 question to complete.