Shri Srinivasan Sridhar

Non-Executive Chairman

Shri Srinivasan Sridhar joined Indian Overseas Bank as part-time Non-Official Director as well as Non-Executive Chairman w.e.f 21.02.2024. Shri Srinivasan Sridhar was on the board of Bank of Baroda as Shareholder director from 2018 till his time of assumption of his current role. Shri Srinivasan Sridhar is a B.Com (Hons.) graduate from Delhi University and is also a Qualified Chartered Accountant.

Shri Srinivasan Sridhar has been associated with a leading global management consulting firm since 2013. In this role he works with CEOs, Boards of Directors and other senior leaders of top Financial Services companies in the region on topics such as Management Strategy, Client Coverage Models, Product and Distribution Strategies, Cost Optimization etc.

Shri Srinivasan Sridhar is a financial services expert with over 30 years of experience gained internationally and in India. He was with Citigroup for 28 years and has worked in 6 countries across Asia, Africa, and Europe. Some of the leadership positions he held with Citigroup included being CEO for three countries, Corporate Bank Head for India, Transaction Services Head for Africa and Bank Services Group Head for Central, Eastern Europe, Middle East, and Africa. He also brings deep banking experience and track record from around the globe in areas such as Corporate and Investment Banking, Product Management, Risk Management, Governance and Regulatory Compliance.

Shri Ajay Kumar Srivastava

Managing Director & CEO

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.

He started his banking career as Probationary officer in 1991 with Allahabad Bank where he worked in various capacities in different parts of the country. He is an astute and hardcore banker with vast field level experience and has the distinction of having successfully led the largest and most critical areas of Uttar Pradesh, Gujarat and Delhi while working at senior level in Allahabad Bank.

After successful completion of about 27 years in Allahabad Bank he was elevated as Executive Director by Government of India and he joined Indian Overseas Bank on 09.10.2017.

At Indian overseas Bank as Executive Director, he had a very challenging journey. Bank was incurring losses since 2014, was in PCA since 2015 and financial parameters were in bad shape besides many other challenges. He made strategies for each of the key areas and successfully implemented them at the ground level with the support of the Board. He served the Bank as Executive Director for more than five years and handled all the departments and portfolios during the period. The highlight of his stint as Executive Director is that he had played a very key role in bringing the Bank out of loss in March 2020 and out of PCA in September 2021. Moreover, he was the only Executive Director in the Bank for about 14 months during 2020-2021.

He was appointed as Director on the Board of India Infrastructure Finance Company Limited(IIFCL) by Government of India for two years. He has also served as Director on the Board of Regional Rural Bank in his previous Bank.

Shri Joydeep Dutta Roy

Executive Director

Shri Joydeep Dutta Roy assumed charge as Executive Director of Indian Overseas Bank w.e.f 31.01.2024. A career Banker for around 28 years, he joined Bank of Baroda in the year 1996.

During his long career, he has handled a variety of functions and has been instrumental in spearheading and successfully implementing many projects and initiatives in Bank of Baroda viz. a Bank-wide Transformation Project called Project BOBNOWW, Business Process Reengineering Project - Project Navnirmaan, Project Udaan, a comprehensive HR Transformation Project called SPARSH, customised long-term Leadership Programs like We-Lead, the Bank’s Digital PMS tool called Baroda – GEMS, etc.

After completing very successful stints in Bank of Baroda as the Head of HR, Regional Head of Bank’s Dehradun and Bareilly Regions, Head of Integration at the time of amalgamation of erstwhile Dena and erstwhile Vijaya Banks with Bank of Baroda, he was elevated to the position of Chief General Manager and was posted in the Office of the MD & CEO of the Bank. As a Chief General Manager, he was in charge of strategy formulation & implementation in the Bank and for conducting Bank level and Vertical level reviews apart from managing the Subsidiaries & Joint Ventures of the Bank, post which, he was appointed as an Executive Director by the Government of India w.e.f. 21.10.2021.

As Executive Director in Bank of Baroda, he has held charge of various critical portfolios of the bank viz. Retail Banking Business(Assets & Liabilities), Wealth Management and NRI Business, Risk, Finance and Planning functions, HRM, IT & Digital, Inspection & Audit, Compliance, Credit Monitoring, Collections, Subsidiaries & Joint Ventures, Operations & Services, Enterprise Data Management, among others in the bank.

He has also served as a director on the board of National e Governance Services Ltd(NeSL), PSB Alliance Ltd, India First Life Insurance Company Ltd, The Nainital Bank Ltd, Baroda Global Shared Services Ltd, BOB Cards Ltd and Bank of Baroda Tanzania Ltd besides being a Non-Executive Chairman of the Boards of Baroda-BNP Paribas Asset India Pvt Ltd and Bank of Baroda (UK) Ltd.

Shri Joydeep Dutta Roy holds an Honours degree in Economics from Delhi University, besides being a law graduate and an MBA from the Narsee Monjee Institute of Management Studies in Mumbai.

Shri T. Dhanaraj

Executive Director

Shri T. Dhanaraj, has assumed charge as Executive Director of the Bank on 10th March 2024. Prior to this, he was Chief General Manager (CDO/CLO) in Indian Bank. Shri T. Dhanaraj joined Indian Bank as Rural Development Officer in 1994.

During his long stint in the Banking Industry, he gained varied exposures in important spheres of Banking viz., as a Branch Head of Rural & Corporate Branches, Agriculture Credit, MSME and Human Resources. He played a crucial role during the amalgamation of erstwhile Allahabad Bank with Indian Bank in all HR related matters. As the Head of HR in the amalgamated entity, transformation of HR practices was carried out meticulously by implementing Performance Management System (PMS) to drive efficiency.

During his stint as Head of Rural Banking Department, he was instrumental in collaborating with IIT, Madras for Agri. Incubation for financing Agri. Start-ups and initiated Agri Co-lending models. As Chairman of RRB, he successfully completed amalgamation of Pallavan Grama Bank & Pandian Grama bank which eventually came to be known as Tamil Nadu Grama bank. He was also a Director on the Board of NABKISAN, a Subsidiary of NABARD and on the Board of Saptagiri Grameena Bank, an RRB sponsored by Indian Bank.

Shri T Dhanaraj holds an Agricultural Engineering Degree from Tamil Nadu Agricultural University besides holding other Professional qualifications viz., CAIIB, ‘Leadership Development Program’ management course for leaders of PSU banks conducted by IIM Bangalore. He has also attended & completed ‘Executive program in HR Analytics’(EPHRA) from IIM, Lucknow.

Ms. Neelam Agrawal

Govt. Nominee Director

Ms. Neelam Agrawal is an officer of 2008 batch of Indian Revenue Service. Ms Neelam Agrawal has been appointed as Government of India Nominee Director on the Board of Indian Overseas Bank w.e.f 05.08.2024.

Ms. Neelam Agrawal is currently posted as Director, Department of Financial Services, Ministry of Finance, Government of India. She has a wide experience of more than a decade of handling various challenging assignments in the Income Tax Department. Ms. Neelam Agrawal is a graduate from Ranchi University. Prior to joining Indian Revenue Service, she was selected for Jharkhand Administrative Service and served in the State of Jharkhand for a couple of years.

Ms. Sonali Sen Gupta

RBI Nominee Director

Ms. Sonali Sen Gupta is currently Regional Director for Karnataka, Reserve Bank of India (RBI), Bengaluru. In her career of nearly three decades in RBI, she has worked as Chief General Manager-in-charge of Financial Inclusion and Development Department at Central Office, Mumbai and served as a Director on Board of National Centre for Financial Education (NCFE), Mumbai. Her area of expertise is Banking Regulation and Supervision and Human Resource Development at Central Office as well Regional Offices level. She has worked in the Central Office as well as Chandigarh, Kolkata and New Delhi Regional Offices of the Reserve Bank.

She served as a member secretary to ‘Internal Working Group to Review Agricultural Credit’ and led the team providing secretarial assistance to the ‘Expert Committee on MSME’, set up in 2019. She was also a part of specialized committee on Rationalization of Returns/Statements, set up under Regulation Review Authority 2.0.

During the Indian G20 Presidency, she has been RBI Lead for Global Partnership for Financial Inclusion (GPFI), a working group under the Finance Track of G20.

She holds a Bachelor’s degree in Commerce (Hons) and has a Master’s Degree in Banking and Finance. She is also a Certified Associate of Indian Institute of Banking and Finance (CAIIB).

Shri Suresh Kumar Rungta

Director

Qualification: M. Com Degree in Finance

Nominated by GOI: 21.12.2021

Shri Suresh Kumar Rungta has been nominated as Director of Indian Overseas Bank on 21st December 2021. He has actively participated in various social activities in the State of Bihar as Treasurer. He has also actively participated as member of Advisory Committee of Bihar VAT (since 2005). Further he has authored Several books.

He has regularly contributed in leading hindi dailies like AAJ, Dainik Jagran, Hindustan, Prabhat Khabar and other on Economic, Rural Development and Agricultural related issues of Bihar.

Shri B. Chandra Reddy

Director

DOB:14.04.1958

Qualification: M. Com F.C.A

Nominated by GOI: 21.12.2021

Shri B.Chandra Reddy has been Nominated as Director of Indian Overseas Bank on 21st December 2021. He has vast experience in Auditing. Prior to this he was Statutory Bank Auditor in Union Bank of India during 2020-2021. Further he also worked in various capacities in different Private Sector Companies.

Shri Deepak Sharma

Director

Qualification: B. Com, EPGDIB (IIFT), LLB, LLM (Real Estate)

Nominated by GOI: 21.12.2021

Shri Deepak Sharma has been nominated as Director of Indian Overseas Bank on 21st December 2021. He has vast experience in Real Estate Industry Exposure. Further he has relevant Experience in Unique Combination of Finance , Legal & Compliance, Leadership Skills, Project Management and Operations. Further he also worked in various capacities in different Private Sector Companies.

Shri Sanjaya Rastogi

Shareholder Director

DOB: 18.01.1963

Qualification: BSc, MBA

Shri Sanjaya Rastogi joined Life Insurance Corporation of India as a Direct Recruit Officer in 1987. After Graduation, he did his Masters in Business Administration from Institute of Management Technology.

In his long illustrious career he has handled several important assignments in LIC as Marketing Manager, Sr. Divisional Manager of Mumbai DO I & III. He has worked in Pension & Group Schemes department and LICHFL. Prior to his posting as Executive Director (MBAC) he worked as Regional Manager (Marketing), Northern Zone, Delhi of LIC.