R Subramania Kumar appointed Executive Director of Indian Overseas Bank

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.

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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