The Central Government has approved the extension of Ajay Kumar Srivastava’s tenure as Managing Director and Chief Executive Officer (MD & CEO) of Indian Overseas Bank (IOB) for nearly 21 months. His tenure will now continue from January 1, 2026, until October 8, 2027, or until further orders, whichever comes earlier.
In a regulatory filing on September 8, IOB confirmed the extension, noting that Srivastava’s current term was due to end on December 31, 2025. The move ensures his continuation until the completion of his 10-year tenure as a Whole-Time Director in the bank.
Srivastava has been leading IOB as MD & CEO since January 1, 2023. Prior to his elevation, he served as the bank’s Executive Director from 2017, where he played a key role in strengthening operations and driving the lender’s turnaround initiatives.
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