R Subramania Kumar appointed Executive Director of Indian Overseas Bank

Sep 30, 2016 08:12 IST

The Union Government on 29 September 2016 appointed R Subramania Kumar as Executive Director (ED) of state-owned Indian Overseas Bank.

Kumar is currently serving as the Executive Director of Indian Bank.

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About Indian Overseas Bank

Indian Overseas Bank (IOB) is a major public sector bank based in Chennai.

It has about 3700 domestic branches, including 1150 branches in Tamil Nadu, 3 extension counters, and eight branches and offices overseas as of 30 September 2014.

Indian Overseas Bank has an ISO certified in-house Information Technology department, which has developed the software that its branches use to provide online banking to customers.

The bank has achieved 100% networking status as well as 100% CBS status for its branches.

IOB also has a network of about 3300 ATMs all over India.

IOB has branches in Singapore, Hong Kong, Colombo, Seoul, and Bangkok.

It has representative offices in Guangzhou, Vietnam, and Dubai.

IOB also is part-owner of a joint-venture bank in Malaysia.

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