Appointed by Government of India, Ministry of Finance, Department of Financial Services

vide their Notification No.F.No.4/9/2016-BO.1 dated 16.02.2017 as Part Time Non-official

Director as well as Non-Executive Chairman for a period of three years from the date of
notification of this appointment or until further orders whichever earlier.

Shri T.C.A. Ranganathan has over 38 years of banking experience after completing his
graduation/ post-graduation in Economics from St. Stephen’s College, Delhi School of
Economics.

Shri T.C.A. Ranganathan served as the Chairman and Managing Director of Export-
Import Bank of India from February 2010 to November 2013. As Chairman of Exim Bank,
he had been a member of several Government of India overseas initiatives such as Indo-
South Africa CEO Forum, Indo-Africa Business Council, Indo-Myanmar Joint Trade and
Investment Forum etc.

Mr. Karnam Sekar is appointed as Managing Director & Chief Executive Officer in Indian
Overseas Bank with effect from 01.07.2019 and as an Officer on Special Duty and Whole
Time Director in IOB from 01.04.2019 to 30.06.2019. Prior to his joining as Officer on
Special Duty and Whole Time Director in IOB on 01.04.2019, he was MD & CEO in Dena
Bank from 21.09.2018. Prior to that, he was Deputy Managing Director and Chief Credit
Officer in State Bank of India heading its Highest Credit Committee. In SBI, he was also
responsible for formulating loan policy of the Bank.

SHRI KARNAM SEKAR

Mr. Sekar joined State Bank of India as Probationary officer on 9th December, 1983. His
experience in SBI has been in Credit & Branch Operations. He worked in various
geographies including the North Eastern part of the Country. His earlier assignments
include, the Branch Manager of the Corporate Accounts Group Branch, Mumbai (which
was the largest Branch in the Bank in terms of the volume of business), and Manager
(Treasury) at SBI Johannesburg, South Africa. Before his elevation as Deputy Managing
Director in SBI, he was working as Chief General Manager in Lucknow Circle which has
more than 1600 Branches, and more than 16000 employees

Shri. K. Swaminathan has assumed office as Executive Director of Indian Overseas Bank
on 17.02.2017.
Shri K. Swaminathan joined the Bank on 10.6.1985 as Probationary Officer at Chennai
and worked at various Branches under different capacities in Rural/Semi urban and urban
Branches/administrative offices PAN India gaining rich experience and knowledge in all
domain of Banking. He also had a four year stint in Hongkong.

Shri K. Swaminathan headed Madurai and Hyderabad Regions as Chief Regional Manager and
contributed significantly for the development of the Bank. He was elevated as General Manager on
1.9.2014 and posted to Central Office as GM of Corporate Debt Restructuring Department and Mid
Corporate Department.

Before his elevation as Executive Director, he was heading Mumbai Zone, comprising of
7 western Regions. Improving quality assets, minimizing TAT, recovering nonperforming
assets and targeting customer delight are his main agenda for the days to come

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.
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.