Chennai: Indian Overseas Bank (IOB) has announced a major leadership reshuffle, promoting 11 senior executives to the positions of Chief General Manager (CGM) and General Manager (GM), effective April 1, 2026. The move is aimed at reinforcing the bank’s leadership structure and driving future growth.
Strategic Move to Strengthen Leadership Pipeline
The promotions are part of IOB’s long-term organizational strategy focused on internal talent development and succession planning. With experience ranging from 18 to over 33 years, the newly elevated leaders bring deep expertise across core banking, risk management, treasury, MSME, and regional operations.
The bank stated that these appointments will enhance operational efficiency and ensure stability in decision-making as it navigates an evolving financial landscape.
List of Promoted Executives
Chief General Managers (CGMs)
- Koustuv Majumder: Over 27 years of experience; expertise in risk and treasury management.
- Sanjay Kishore: 27+ years of service; currently leading the Delhi region.
- Selvarani V: Joined in 1997; brings over 29 years of institutional experience.
General Managers (GMs)
- Ahmed Kabeer: 33 years of banking experience; MCA qualified and CAIIB certified.
- Amit Srivastava: MSME specialist with 21+ years of experience.
- Bhupendra Narayan Singh: Over 25 years of experience; holds MBA qualification.
- Dhurga Devi M: 29 years of service; expertise in RSA and regulatory frameworks.
- Radhakrishnan S: Over 30 years of experience; ISMS Lead Auditor with multiple certifications.
- Rajesh M S: 26+ years of experience; background in executive management.
- Ravi Shankar Sahoo: Certified credit professional with 18 years of experience.
- Venkata Dayalprasad Goli: 18 years of experience; expertise in banking operations.
Compliance with SEBI Regulations
The bank confirmed that these appointments comply with Regulation 30 and 51 of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015, ensuring transparency and timely disclosure of senior management changes.
Driving Growth and Operational Excellence
IOB emphasized that the newly promoted executives will play a critical role in accelerating growth, strengthening governance, and enhancing customer-centric operations. Their diverse expertise in credit, digital banking, risk management, and compliance is expected to support the bank’s transformation journey.
About Indian Overseas Bank (IOB)
Indian Overseas Bank, headquartered in Chennai, is a leading public sector bank in India with a strong presence in domestic and international markets. Established in 1937, the bank offers a wide range of services including retail banking, corporate banking, MSME financing, and digital banking solutions. Known for its focus on financial inclusion and technology-driven services, IOB continues to play a vital role in supporting India’s growing banking and financial ecosystem.
