Partha Pratim Sengupta appointed as MD and CEO of Indian Overseas Bank

By: |
July 23, 2020 10:25 PM

The post of the MD and CEO at IOB had fell vacant after the superannuation of Karnam Sekar, who retired on June 30, 2020.

Sengupta, 57, prior to his elevation of deputy managing director of SBI, was the chief general manager at the country’s largest lender’s Kolkata circle.

Indian Overseas Bank (IOB) on Thursday said Partha Pratim Sengupta has been appointed as its new managing director and chief executive. “The government as per its notification…has appointed Partha Pratim Sengupta, deputy managing director, State Bank of India (SBI), as MD & CEO, Indian Overseas Bank with effect from the date of assumption of office,” IOB said in a regulatory filing.

His appointment will be up to date of attaining the age of superannuation, December 31, 2022 or until further orders, whichever is earlier, it added.

Sengupta, 57, prior to his elevation of deputy managing director of SBI, was the chief general manager at the country’s largest lender’s Kolkata circle. He has more than three decades of experience in the banking industry and served in various capacities in different geographies and has hands-on experience in retail and corporate banking.

The post of the MD and CEO at IOB had fell vacant after the superannuation of Karnam Sekar, who retired on June 30, 2020.

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, Check out latest IPO News, Best Performing IPOs, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1Paytm, India’s most-valued startup, expands ESOP scheme to USD 604 million
2After blockchain test in space, JPMorgan offers solution to improve global funds transfers between banks
3RBI sets up panel to review working of asset reconstruction companies