About IOB - People at the Helm

 

Shri M Narendra took charge as Chairman and Managing Director of Indian Overseas Bank on 1st November 2010.

Shri M Narendra joined Corporation Bank as an officer trainee in 1975 and was in this Bank till 5th November 2008. He was appointed by Government of India as Executive Director, Bank of India, on 6th November 2008 and held this position, till his present assignment at Indian Overseas Bank.

Shri Narendra has traveled widely both within the country and outside. He has undergone various training programmes including workshops/seminars at BTC, IIM-Ahmedabad and Bangalore, NIBM and Australian Institute of Banking & Finance.

Shri Narendra secured various Corporate Awards instituted by Corporation Bank such as Chairman’s Club Membership recipient for 8 consecutive years from 1984-85 to 1990-91, SoGian Award and Regional Leadership Award.

Known for his conceptual clarity, communication skills and ability to build strong result oriented teams Shri Narendra has been one of the key members of the Teams to implement Organisational Transformation Projects in both Corporation Bank and Bank of India.

In his capacity as Executive Director of Bank of India, he was the nominee director on the Board of Indo Zambia Bank Limited, Lusaka, Zambia, a joint venture Commercial Bank between 3 Indian Public Sector Banks and Government of Zambia.

He is a member of (i) Technical Advisory Committee on Money, Foreign Exchange & Government Securities Market constituted by Reserve Bank of India and (ii) Standing Committee on Risk Management & Basel II Implementation constituted by Indian Banks Association.

email: iobcmd@vsnl.com

 

Qualifications: Post Graduate in Agriculture, CAIIB - Part I Shri A.K. Bansal has taken charge as Executive Director of Indian Overseas Bank on 1st September 2010.

Born on 22nd May 1953, Shri A. K. Bansal is a Post Graduate in Agriculture from the renowned G B Pant Agriculture University, Pant Nagar, Nainital and recipient of ICAR Junior Research Scholarship. He joined Union Bank of India as Agricultural Field Officer at the age of 23 years in the year 1976. He was awarded Super Achiever and Star Performer status by the Bank in the year 1994 for his outstanding performance at the first Specialized SSI Branch of the bank at Ahmedabad.

Shri Bansal was also conferred with the Chairman Club Membership by the Chairman & Managing Director of the Bank as recognition of his outstanding performance in the very first year of implementation of the scheme.

While heading the largest branch of the bank ie. Mumbai Samachar Marg Branch at Mumbai, considered to be a jewel in the crown amongst all the branches of the bank, he took the branch to new heights reaching a total business mix of Rs.15,000 crores within a period of 3 years – an increase of 400% from the time of taking charge. He was also the driving force for setting up the Capital Market Cell at Mumbai and establishing the Bank’s first museum at M S M branch in Mumbai.

On his promotion as General Manager on 1st January 2008, he was entrusted with one of the most challenging and coveted assignments of the Bank i.e. Field General Manager, North Zone, which not only had the unique distinction of total business of more than Rs. 50000 crores but also a vast network of 297 branches and 7 Regional Offices spread over 6 states including NCR Delhi wherein business of the Zone doubled in less than 2 years time.

With the bank’s transformation to three tier structure Shri Bansal was posted as General Manager at Support Services Department, Central Office overseeing opening of new branches, maintenance division and handling the premises matters of the entire Bank.

Shri Bansal is a Committee Member in the Apex Advisory Committee Meeting of SIDBI Innovation and Incubation Centre (SIIC) in IIT Kanpur.

He is happily married with two sons who are settled in the USA

 

Educational Qualification: M.Sc

Mr. A.D.M.Chavali has assumed charge as Executive Director of Indian Overseas Bank on 28th December 2011. Prior to this assignment he was General Manager of Bank of Baroda.

He is a post graduate in pure mathematics. He started his career with Bank of Baroda in Chennai as a Direct Recruit Officer in the year 1977. From then on he has served the Bank in various capacities at branches including Industrial Finance Branch and Regional Offices, located across Chennai, Mumbai,. Kolkatta, Andhra Pradesh and Gujarat. He was also the Chief Dealer in Fixed Income, Equity and Non-SLR Securities and has headed the Front Office, Treasury. He has also served as Managing Director of BOB Asset Management Co. He has headed the Corporate Financial Services branches at Ahmedabad and Mumbai.

Prior to joining Indian Overseas Bank, he as General Manager had headed the Treasury & Resource Management of Bank of Baroda. He has also served as Regional Head of Kolkata Metro Region.

He has served as Director on Boards of India Ideas.com.Ltd, Central Depository Services Limited (CDSL), Clearing Corporation of India Ltd. (CCIL) and Central Insurance Repository Ltd. (CIRL) and as a Trustee Director of Baroda Pioneer Asset Management Company Ltd.

He was a member in RBI Committee for implementing Negotiated Dealings System and FIMMDA Valuation Committee. Also, he was a member of the Committee on Credit and Operational Risks Data Exchange (CORDEX) set up by IBA.

He has a rich experience in Corporate Finance Banking for over three decades particularly in the areas of Treasury operations, Risk Management, Asset Management, Investments and Industrial Finance.

Mr.Chavali is endowed with qualities of good leadership and bestowed with keen observation constantly looking for merit in all walks of life, be it official or personal. His hallmark is simplicity, calmness and unassuming nature.