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.

Ms. S Srimathy

Executive Director

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.

Shri Sanjay Vinayak Mudaliar

Executive Director

Shri Sanjay Vinayak Mudaliar, Chief General Manager & Chief Technology Officer, Bank of Baroda and has taken charge as Executive Director, Indian Overseas Bank w.e.f 1st January, 2023.

He is a Post Graduate in Science and Technology and a Certified Project Management Practitioner, London (UK). He was holding the position of Chief Technology Officer of Bank's Global Operations spanning across 19 countries. He is a seasoned banker with career spanning over 30 years across industries and financial institutions. Of these, for last 25 years he has been associated with Bank of Baroda in various capacities across the country and in the United Kingdom.

With his techno-functional knowledge, he has been contributing in various working groups/committees on product innovation and process refinement. He has also been part of a number of key industry initiatives on Banking Technology. He has been Nominee Director in 6 companies of Bank of Baroda / subsidiaries in India and abroad.

He is analytical, sincere and demonstrates positive approach to the changing requirements. He is an avid traveller, serious reader and has been practicing long distance walking / running.

Ms. Annie George Mathew

Govt. Nominee Director

Ms. Annie George Mathew is currently working as Special 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 Vivek Aggarwal

RBI Nominee Director

Nominated by GOI: 25.02.2022

Date of Expiry of the Current term: Until Further Orders

Shri Vivek Aggarwal is currently Regional Director for New Delhi, Reserve Bank of India. Before this assignment, he was Regional Director, Madhya Pradesh.

He joined RBI in 1989 as a direct recruit officer and was posted in Issue Department at Kanpur for 5 years. Thereafter, he was posted to Mumbai where he worked in Department of External Investments & Operations, CO for 7 years as Forex Dealer and later as Portfolio Manager wherein he was part of the team managing the country’s forex reserves. He then went on deputation to Andhra Bank as DGM and was in-charge of the International Banking Division wherein he headed the Forex Operations of Andhra Bank.

He has worked in Foreign Exchange Department, Central Office, RBI (3 years); Department of Banking Supervision, Chennai (4 years); and in Internal Debt Management Department, CO (2 years).

From January 2013 to May 2016 he worked as Executive Assistant to the Governor. He has worked closely with 2 Governors namely, Dr.D.Subbarao and Dr.Raghuram G.Rajan.

From May 2016 to March 2019 he was CGM, HRMD, CO.

He has served as RBI Nominee Director in the Board of Punjab National Bank for 2 ½ years.

He is a Golden Jubilee Scholar of RBI and went to the Birmingham Business School, Birmingham, UK to study M.Sc. in Economic Policy and International Business.

Other Educational Qualifications: BA (Hons) Economics from Shriram College of Commerce, Delhi University; M.A.Economics from Delhi School of Economics, Delhi University; MBA (Banking & Finance); CAIIB; Certificate in Treasury & Risk Management; PG Diploma in Personal Management and PG Diploma in Financial Management.

Shri Suresh Kumar Rungta

Director

DOB: 15.10.1962

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

DOB: 31.07.1976

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 is working as Head Legal & Liaison for Adani Realty. 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.