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Vacuum at top in IOB

Only one executive director to manage affairs for the bank

Abhijit Lele  |  Mumbai 

Chennai-based public sector lender Indian Overseas Bank (IOB) has remained headless in the absence of a full-time chief executive for almost two months now. R Koteeswaran had retired as managing director (MD) and chief executive officer (CEO) at the end of June 2016. He had joined Indian Overseas Bank on December 31, 2014.

Prior to this assignment, Koteeswaran was executive director at Bank of India. The second line of leadership at IOB is also thin. Executive director Atul Agarwal, who has been looking after operations of the public-sector lender, is due to retire next month. Pawan ...

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First Published: Wed, August 24 2016. 00:28 IST