Ajay Kumar Srivastava
Bengaluru, Karnataka,India
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Ajay Kumar Srivastava is the Managing Director and Chief Executive Officer of Indian Overseas Bank (IOB), a prominent public sector bank in India. He assumed this leadership role on January 1, 2023, having previously served as an Executive Director at IOB since October 2017. With an extensive banking career spanning over three decades, Srivastava began his journey as a Probationary Officer with Allahabad Bank (now Indian Bank) in 1991. He possesses a rich and diverse experience across all facets of banking, including corporate credit, retail credit, SME financing, international banking operations, treasury management, human resources, and information technology. He is recognized for his strategic acumen and leadership in driving growth and transformation within the banking sector.
Professional Summary
Ajay Kumar Srivastava's work history includes a series of influential roles in various companies. Here is a detailed list of his professional journey:
Notable Achievements
Appointed MD & CEO of Indian Overseas Bank
Took charge as the Managing Director and Chief Executive Officer of Indian Overseas Bank on January 1, 2023, a testament to his leadership capabilities and extensive banking experience.
Key Role in IOB's Turnaround and Growth
As Executive Director and subsequently MD & CEO, he has been instrumental in steering IOB towards improved financial health, profitability, and operational efficiency, including its exit from the RBI's Prompt Corrective Action (PCA) framework.
Extensive Leadership Experience in Public Sector Banking
Over 33 years of dedicated service in public sector banking, holding progressively responsible positions and contributing significantly to areas like corporate credit, SME, and international banking across Allahabad Bank (now Indian Bank) and IOB.
Successful Stint as Executive Director, IOB
Served as Executive Director at Indian Overseas Bank from October 20, 2017, to December 31, 2022, overseeing critical banking operations and contributing to strategic initiatives that laid the groundwork for the bank's improved performance.
Champion of Digital Transformation
Actively promotes and oversees the implementation of digital banking solutions and technological advancements within IOB to enhance customer experience and operational efficiency.
Educational Background
Masters in Computer Applications, Computer Science
Indira Gandhi National Open University - Year 2003
University of Lucknow - Year 1992
Intermediate
Lucknow Montessory Inter College - Year 1982
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Company Overview
ECIECI Telecom Ltd., originally Elbit Computers Ltd., was an Israeli manufacturer of telecommunications equipment founded in 1961. It provided packet-optical transport products, SDN/NFV solutions, and cyber security systems to service providers, utilities, and government entities. ECI was known for its carrier-grade infrastructure solutions. In March 2020, ECI Telecom was acquired by Ribbon Communications Inc. and now operates as a business unit within Ribbon, contributing its expertise in optical and packet networking.
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