CHENNAI:
Karnam Sekar has taken over the charge of Managing Director & Chief Executive Officer in Indian Overseas Bank with effect from 01.07.2019. He was appointed as an Officer on Special Duty and Whole Time Director in IOB from 01.04.2019 till the time of taking over charge as MD & CEO on 01.07.2019.
Prior to his joining as Officer on Special Duty and Whole Time Director in IOB on 01.04.2019, he was MD & CEO in Dena Bank from 21.09.2018. Prior to that, he was Deputy Managing Director and Chief Credit Officer in State Bank of India heading its Highest Credit Committee.
Sekar joined State Bank of India as Probationary officer on 9th December, 1983. His experience in SBI has been in Credit & Branch Operations. He worked in various geographies including the North Eastern part of the Country. His earlier assignments include, the Branch Manager of the Corporate Accounts Group Branch, Mumbai (which was the largest Branch in the Bank in terms of the volume of business), and Manager (Treasury) at SBI Johannesburg, South Africa. Before his elevation as Deputy Managing Director in SBI, he was working as Chief General Manager in Lucknow Circle which has more than 1600 Branches, and more than 16000 employees.
