R Subramania Kumar to hold addl charge of MD and CEO, IOB

R Subramania Kumar to hold addl charge of MD and CEO, IOB. R. Subramania Kumar was given additional charge of the post of Managing Director and Chief Executive Officer of Indian Overseas Bank for three months.  The Appointments Committee of Cabinet has approved entrustment of additional charge of the post of MD and CEO, Indian Overseas Bank to Kumar, the only available Executive Director in the

bank Indian Overseas Bank (IOB) is a major public sector bank based in Chennai (Madras), with about 3700 domestic branches, including 1150 branches in Tamil Nadu, 3 extension counters, and eight branches and offices overseas as of 30 September 2014.

iv. 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