CURRENT AFFAIRS

Detailed explanation-1: -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.

Detailed explanation-2: -The public sector lender said that the centre has appointed Ajay Kumar Srivastava as the managing director (MD) and chief executive officer (CEO) of the bank with effect from the date of assumption of office on or after 1 January 2023.

Detailed explanation-3: -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-4: -Mbn Rao is the ceo of Canara Bank.