Shri. G. Venkataramanan elected as Shareholder Director of Indian Overseas Bank

Shri. G. Venkataramanan has been elected as Shareholder Director of Indian Overseas Bank (IOB). The Nomination and Remuneration Committee of the Bank at its meeting held today i.e., 05.11.2025 has found the nomination of Shri G Venkataramanan to be ‘Fit and Proper’ in terms of RBI Master Directions dated 02.08.2019. Being the ONLY valid nomination, Shri. G. Venkataramanan is deemed to be elected as the Shareholder Director of the Bank. Shri G. Venkataramanan shall assume office with effect from 03.12.2025 and shall hold office up to 02.12.2028.

Shri G. Venkataramanan is a seasoned executive with over 35 years of experience, primarily in the life insurance sector, covering various operational and strategic areas. He joined LIC as a Direct Recruit Officer in 1989 and over the course of his career, he held various positions, including Head of Marketing and Customer Relationship Management for the South Zone, and served at LIC’s Corporate Office in the Marketing Department.

He superannuated from the Life Insurance Corporation of India on 31.07.2025 as Zonal Manager In Charge of the South Zone, Chennai, in the rank of Executive Director. Shri G. Venkataramanan holds a Bachelors’ degree in Mathematics and is also an Associate of Insurance Institute of India.