Indian Overseas Bank announced that the Central Government, vide Notification F. no.6/26(ii)/2023- BO. I dated February 21, 2024 has appointed Shri Srinivasan Sridhar as part-time non-official director as well as non-executive chairman, on the Board of Indian Overseas Bank, for a term of three years with effect from February 21, 2024. Shri Srinivasan Sridhar was on the board of Bank of Baroda as Shareholder director from 2018 till his resignation on February 21, 2024.

Shri Srinivasan Sridhar is a B. Com (Hons.) graduate from Delhi University and is also a Qualified Chartered Accountant. Shri Srinivasan Sridhar has been associated with a leading global management consulting firm since 2013. In this role he works with CEOs, Boards of Directors and other senior leaders of top Financial Services companies in the region on topics such as Management Strategy, Client Coverage Models, Product and Distribution Strategies, Cost Optimization etc.

Shri Srinivasan Sridhar is a financial services expert with over 30 years of experience gained internationally and in India. He was with Citigroup for 28 years and has worked in 6 countries across Asia, Africa, and Europe. Some of the leadership positions he held with Citigroup included being CEO for three countries, Corporate Bank Head for India, Transaction Services Head for Africa and Bank Services Group Head for Central, Eastern Europe, Middle East, and Africa.

He also brings deep banking experience and track record from around the globe in areas such as Corporate and Investment Banking, Product Management, Risk Management, Governance and Regulatory Compliance.