New Delhi: Mr. G. Venkataramanan has been appointed as the Shareholder Director of Indian Overseas Bank (IOB), effective from December 3, 2025, for a tenure of three years, ending on December 2, 2028. This appointment was announced following the completion of tenure of Mr. Sanjaya Rastogi, who served as Shareholder Director of the Bank for three years until December 2, 2025.
Venkataramanan Brings Extensive Experience
Mr. G. Venkataramanan is a seasoned professional with over 35 years of experience, primarily in the life insurance sector, spanning both operational and strategic domains. He began his career in 1989 as a Direct Recruit Officer at Life Insurance Corporation of India (LIC) and has held multiple key positions throughout his career. His notable roles include Head of Marketing and Customer Relationship Management for the South Zone, and positions in LIC’s Corporate Office in the Marketing Department.
He retired from LIC on July 31, 2025, serving as Zonal Manager In-Charge of the South Zone, Chennai, holding the rank of Executive Director. Mr. Venkataramanan holds a Bachelor’s degree in Mathematics and is an Associate of the Insurance Institute of India, reflecting his strong academic and professional credentials.
Leadership Transition at IOB
The appointment of Mr. G. Venkataramanan follows the completion of Mr. Sanjaya Rastogi’s three-year term as Shareholder Director. Mr. Rastogi’s tenure ended on December 2, 2025, and the bank thanked him for his contributions in guiding corporate strategies and strengthening the board’s oversight.
Indian Overseas Bank Overview
Indian Overseas Bank (IOB) is a leading public sector bank in India, headquartered in Chennai. Established in 1937, the bank offers a wide range of financial products and services, including retail banking, corporate banking, international banking, and treasury operations. With a network of branches across India and overseas, IOB plays a key role in providing accessible banking services to individuals and businesses, contributing to India’s financial inclusion and economic growth.
