Indian Overseas Bank announced that the appointment of Shri Dhanaraj T, as Executive Director of bank vice Ms. S. Srimathy. Ms. S. Srimathy, Executive Director of the Bank, has demitted office on March 09, 2024 being the date of completion of her term. Shri Dhanaraj T has assumed charge as Executive Director of Bank on March 10, 2024.

Shri T. Dhanaraj has assumed charge as Executive Director of the Bank on 10th March 2024. Prior to this, he was Chief General Manager (CDO/CLO) in Indian Bank. Shri T. Dhanaraj joined Indian Bank as Rural Development Officer in 1994.

During his long stint in the Banking Industry, he gained varied exposures in important spheres of Banking viz., as a Branch Head of Rural & Corporate Branches, Agriculture Credit, MSME and Human Resources. He played a crucial role during the amalgamation of erstwhile Allahabad Bank with Indian Bank in all HR related matters. As the Head of HR in the amalgamated entity, transformation of HR practices was carried out meticulously by implementing Performance Management System (PMS) to drive efficiency.

During his stint as Head of Rural Banking Department, he was instrumental in collaborating with IIT, Madras for Agri. Incubation for financing Agri. Start-ups and initiated Agri Co-lending models.

As Chairman of RRB, he successfully completed amalgamation of Pallavan Grama Bank & Pandian Grama bank which eventually came to be known as Tamil Nadu Grama bank. He was also a Director on the Board of NABKISAN, a Subsidiary of NABARD and on the Board of Saptagiri Grameena Bank, an RRB sponsored by Indian Bank. Shri T Dhanaraj holds an Agricultural Engineering Degree from Tamil Nadu Agricultural University besides holding other Professional qualifications viz., CAIIB, `Leadership Development Program' management course for leaders of PSU banks conducted by IIM Bangalore.

He has also attended & completed `Executive program in HR Analytics'(EPHRA) from IIM, Lucknow.