With effect from 31 December 2014
Indian Overseas Bank announced that the Government of India, vide its notification dated 31 December 2014 and in exercise of the powers conferred by clause (a) of sub-section (3) of Section 9 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970/1980 read with sub-clause (1) of clause 3 and sub-clause (1) of clause 8 of The Nationalised Banks (Management and Miscellaneous Provisions) Scheme, 1970/1980, has appointed R. Koteeswaran (Executive Director, Bank of India) as Managing Director & Chief Executive Officer of the Bank with effect from the date of his taking over charge of the post. He shall, as per the notification, hold office up to the age of superannuation, or until further orders, whichever is earlier.R. Koteeswaran has taken over charge of the Bank as Managing Director and Chief Executive Officer on 31 December 2014.
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