S Srimathy assumes charge as ED of Indian Overseas Bank

  • S Srimathy is the new Executive Director of Indian Overseas Bank (IOB)

  • Srimathy was earlier serving as Chief General Manager (CGM) of Canara Bank

New Delhi: S Srimathy has assumed charge as Executive Director of Indian Overseas Bank (IOB) with effect from March 10. Prior to this assignment, she was serving as Chief General Manager (CGM) of Canara Bank. She had been deputed to NABARD (National Bank for Agriculture and Rural Development) as Chief Vigilance Officer (CVO) prior to taking over the present post in Indian Overseas Bank.

Srimathy joined Canara Bank as a probationary officer in November 1986. She has over 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.

She had worked across the country and headed the Prime Corporate Branch at Cuffe Parade, Mumbai for over three years. She had headed the Corporate Credit Wing & International Operations of the head office of Canara Bank before becoming Head of Chennai Circle.

Srimathy was deputed to NABARD as Chief Vigilance Officer in July 2018. During the period, she also held additional charge as CVO of New India Assurance Company, State Bank of India and Bank of Baroda for varying periods.


1. Nitesh Ranjan elevated as Executive Director of Union Bank of India

2. K Satyanarayana Raju appointed as Executive Director in Canara Bank

Indian Overseas Bank (IOB)

Indian Overseas Bank (IOB) is a Chennai based public sector bank (PSB). It has about 3,400 domestic branches, about 6 foreign branches and a representative office. Founded in February 1937 by Ct M Chidambaram Chettyar with twin objectives of specialising in foreign exchange business and overseas banking, it has created various milestones in Indian Banking Sector. IOB was the first bank to venture into consumer credit by introducing a personal loan scheme. During nationalisation, IOB was one of the 14 major banks taken over by the government.

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