Indian Overseas Bank MD & CEO's tenure extended by government

The central government, through a notification dated September 8, 2025, has extended the tenure of Shri Ajay Kumar Srivastava as managing director and chief executive officer of Indian Overseas Bank. This decision prolongs his service beyond his current term, which was set to end on December 31, 2025.

Shri Srivastava will now serve until the completion of 10 years as whole-time director in Indian Overseas Bank. This extension is effective from January 1, 2026, and will last until October 8, 2027, or until further orders are issued, whichever comes earlier.

This information ensures continuity in the bank's leadership.