Board of Directors
Constitution
The Constitution of the Board of the Bank is governed by "The Nationalized Banks (Management and Miscellaneous Provisions) Scheme, 1970, formulated by the Central Government, after consultation with the Reserve Bank of India, in exercise of the powers conferred by section 9 of "The Banking Companies (Acquisition and Transfer of Undertakings) Act 1970".
Composition
The Composition of the Board of Directors of a Bank is governed by "The Nationalised Banks (Management and Miscellaneous Provisions) Scheme 1970" read with "The Banking Companies (Acquisition and Transfer of Undertakings) and Financial Institutions Laws (Amendment) Act 2006" and amendment vide Extraordinary Gazette Notification dated 19.02.2007 of the Central Government.
Contribution
In terms of The Banking Companies (Acquisition and Transfer of Undertakings) Act 1970, the General Superintendence, Direction and Management of the affairs and business of the Bank vests in the Board of Directors which is entitled to exercise all such powers and do all such acts and things as the Bank is authorized to exercise and do.
Strength of the Board
Presently, there are 06 Directors on the Board of the Bank. Brief Particulars of each of the directors are placed below.
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Shri Partha Pratim Sengupta
MD & CEO
DOB: 07.12.1962
Qualification: B. Sc Physics (Hons.), B.Ed, CAIIB
Shri. Partha Pratim Sengupta, Deputy Managing Director & Chief Credit Officer, State Bank of India has assumed charge as Managing Director & Chief Executive Officer in Indian Overseas Bank on 24th July 2020.
Shri. Partha Pratim Sengupta, a career banker, joined State Bank of India as a Probationary Officer in February 1987. Prior to his elevation to the post of Deputy Managing Director in SBI he was the Chief General Manager of State Bank of India, Kolkata Circle. Prior to this, he was General Manager at State bank of India, Mid Corporate Regional Office, Pune.
As DMD & CCO of SBI, he was responsible in positioning the Bank’s credit portfolio on a firm sustainable footing with standards matching global best practices. During his more than 3 decades of experience with State Bank of India he has served in various capacities in different geographies and has hands-on experience both in Retail Banking and Corporate Banking.
Shri Ajay Kumar Srivastava
Executive Director
DOB: 15.10.1967
Qualification: B.Sc. (Hons), CAIIB Part I
Shri Ajay Kumar Srivastava has assumed Office as Executive Director of Indian Overseas Bank on 9th October 2017. Prior to this he was working as Field General Manager- Delhi with Allahabad Bank.
He started his banking career as Probationary Officer in 1991 with Allahabad Bank and during his banking career spanning over 27 years, he has worked in various capacities in different parts of the country which include Field as well as Administrative Offices. 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. He has been instrumental in bringing positive structural and cultural changes and took many new initiatives while heading different verticals in the field. Mr Srivastava has undergone some very prestigious training programmes both in India and abroad.
In Indian Overseas Bank his portfolio includes Agriculture & Rural Initiatives, Retail Banking, Credit Support Services, Credit Monitoring, Treasury-Domestic & Foreign, Operations, International Banking, Planning, Board Services, Law, Compliance, Inspection, Credit Card and Official Language Department. Apart from this, Mumbai, Kolkata & Hyderabad Zones have been allotted to him for monitoring their growth, control and overall management.
Ms. S Srimathy
DOB: 22.05.1964
Qualification: B.Com., M.Com., MBA. CAIIB
Ms. S Srimathy, has assumed charge as Executive Director of Indian Overseas Bank on 10.03.2021 from Canara Bank where she was Chief General Manager. She had been deputed to NABARD as Chief Vigilance Officer prior to taking over the present post in Indian Overseas Bank.
Ms. S Srimathy joined Canara Bank as Probationary Officer in November 1986. She is having 34+ years of Banking Experience in all categories of branches from Rural to Metro and is well exposed to various verticals like Branch Operations, Mid & Large Credits, Human Resources, Risk Management etc.
Ms. S Srimathy had worked across the country and headed the Prime Corporate Branch at Cuffe Parade, Mumbai for over three years and headed the Corporate Credit Wing & International Operations at Head Office of Canara Bank before becoming Head of Chennai Circle.
Ms. S Srimathy was deputed to NABARD as Chief Vigilance Officer in July, 2018. During the period Ms. S Srimathy held additional charge as CVO of New India Assurance Company Limited, State Bank of India and Bank of Baroda for varying periods.
Ms. Annie George Mathew
Annie George Mathew is currently working as Additional Secretary to Govt. of India in Ministry of Finance. She is the Government nominee Director in the Board of Indian Overseas Bank since 22.07.2016. She is also Part-time Member in Pension Fund Regulatory and Development Authority (PFRDA) since 12.12.2014.
She belongs to the 1988 batch of Indian Audit and Accounts Service (IA&AS). She has had a wide and varied career within India and outside India. Her earlier postings have taken her across the country to different states like Himachal Pradesh, Orissa, Andhra Pradesh, Uttar Pradesh, Delhi, Madhya Pradesh, etc. She has a varied experience in both Accounting and Auditing function of the State and Union Government. In Audit, she has worked in Commercial, Civil, Receipt and Railways Audit. She has also led audit teams working with international and multi-lateral organizations like the United Nations, UNHCR in various countries of Europe, Africa and Asia.
She is a graduate from Miranda House and post graduate from Delhi University and thereafter joined the civil services.
Shri Deepak Kumar
DOB: 01.08.1964
Qualification: MA (Economics), Ph. D,
Post Graduate Diploma in International Marketing, CAIIB
Nominated by GOI: 18.09.2019
Date of Expiry of the Current term: Until Further Orders
Shri Deepak Kumar, joined Reserve Bank of India in September 1990 and currently posted as Chief General Manager, Department of Information Technology, RBI, Mumbai. He is a Post Graduate in Economics and has obtained Ph.D on the subject ‘Impact of Computerisation on Banking Industry during Nineties- an Evaluation’. He has done Post Graduate Diploma in International Marketing from Delhi School of Economics. In recent times, he had obtained online Certificates on Big Data, Hadoop and Business Analytics.
Shri Deepak Kumar has worked in various work areas of RBI which includes Payment System, Currency distribution and management, Planning, Banking operations, Human Resource Management, Commercial bank supervision, Foreign Exchange regulation and supervision, Information Technology, etc.
Shri Navin Prakash Sinha
Shareholder Director
DOB: 15.10.1962
Qualification: BA (Hons) EconomicsLicenciate of Insurance Institute of India
Experience:
Shri Navin Prakash Sinha has vast experience in the field of Financial Product Marketing, Human Resource Management and Labour laws especially related to Pension, Gratuity, and other Employees’ benefits.
Financial Product Marketing:
Human Resource Management:
Labour laws especially related to Pension, Gratuity, and other employees’ benefits:
Post held in LIC at Present/Past