Indian Overseas Bank (IOB) has announced a change in its directorate. Shri G. Venkataramanan has been appointed as a Shareholder Director, effective December 3, 2025, for a term of three years. This appointment follows the cessation of Shri Sanjaya Rastogi’s term as Shareholder Director, which ended on December 2, 2025. Shri Venkataramanan brings over 35 years of experience in the insurance sector to the board.
Directorate Changes at IOB
Indian Overseas Bank (IOB) has announced the appointment of Shri G. Venkataramanan as a Shareholder Director, effective December 3, 2025. This appointment is for a period of three years, concluding on December 2, 2028.
Outgoing Director
The change in directorate follows the completion of Shri Sanjaya Rastogi’s term as Shareholder Director, which ended on December 2, 2025. His tenure was three years.
About Shri G. Venkataramanan
Shri G. Venkataramanan is a seasoned executive with over 35 years of experience, primarily in the life insurance sector. He previously worked at LIC, where he held various positions including Head of Marketing and Customer Relationship Management for the South Zone. He superannuated from the Life Insurance Corporation of India on July 31, 2025, as Zonal Manager In-Charge of the South Zone, Chennai, in the rank of Executive Director.
Shri Venkataramanan holds a Bachelor’s degree in Mathematics and is an Associate of the Insurance Institute of India.
Source: BSE
