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Govt nominates 3 non-official Directors on the Board of Indian Overseas Bank

The Central government has nominated B Chandra Reddy, Deepak Sharma and Suresh Kumar Rungta as Part-time Non-official Director on the Board of Indian Overseas Bank
Govt nominates 3 non-official Directors on the Board of Indian Overseas Bank
Govt nominates 3 non-official Directors on the Board of Indian Overseas Bank

New Delhi: The Central government has nominated B Chandra Reddy, Deepak Sharma and Suresh Kumar Rungta as Part-time Non-official Directors on the Board of Indian Overseas Bank, the bank said in three separate regulatory filings to the stock exchanges on Wednesday. Reddy, Sharma and Rungta have been nominated as Part-time Non-official Directors on the board of the bank for a period of three years from December 21, 2021, or until further orders, whichever is earlier, said Indian Overseas Bank.

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Indian Overseas Bank (IOB)

Indian Overseas Bank (IOB) is a Chennai based public sector bank (PSB). It has about 3,400 domestic branches, about six foreign branches and a representative office. Founded in February 1937 by Ct M Chidambaram Chettyar with the twin objectives of specialising in foreign exchange business and overseas banking, it has created various milestones in Indian banking sector. 

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