Chennai, January 16, 2025 – Indian Bank has announced the appointment of Mr. Binod Kumar as its new Managing Director (MD) and Chief Executive Officer (CEO). With over three decades of extensive experience in the banking sector, Mr. Kumar brings a wealth of expertise and a track record of excellence in driving innovation, operational efficiency, and customer satisfaction.
Mr. Binod Kumar most recently served as the Executive Director of Punjab National Bank (PNB) since November 2022, overseeing critical domains such as Corporate Banking, Treasury Division, International Banking Division, Finance Division, Data Analytics, and Data Warehousing. His visionary leadership at PNB included key roles as Chief General Manager (Corporate Credit), Zonal Manager, and CEO of PNB Operations at the Dubai International Financial Centre.
Additionally, Mr. Kumar contributed as the Nominee Director on the Boards of PNB Housing Finance Limited and India SME Asset Reconstruction Company Limited (ISARC), showcasing his commitment to fostering growth and development in the financial sector.
Mr. Kumar is a science graduate and holds a Post Graduate Diploma in Banking and Finance from the National Institute of Bank Management (NIBM). He is also a Certified Financial Risk Manager (FRM) by GARP (USA), a Certified Associate of the Indian Institute of Bankers (CAIIB), and holds a Diploma in Treasury Investment and Risk Management. His participation in the Leadership Skill Development Program at IIM Bangalore further reflects his commitment to continuous professional growth.
Under Mr. Kumar’s leadership, Indian Bank aims to strengthen its market presence, deepen customer relationships, and maintain its commitment to delivering exceptional financial services across the nation and select international locations.
About Indian Bank
Established in 1907, Indian Bank serves a robust customer base of over 141 million and is supported by 40,000 staff members. With a 100% CBS network comprising 6,000+ branches and 5,400+ ATMs and BNAs, Indian Bank has an extensive national presence and operates international branches in Singapore and Colombo, complemented by arrangements with 640 Overseas Correspondent Banks in 77 countries.
Indian Bank offers a wide array of products and services, including Deposits, Loans, Cards, Wallets, Insurance, Mutual Funds, Remittances, Forex services, and more, catering to diverse sectors such as Corporate, Retail, Institutional, Agriculture, MSME, SHG, and NRIs.
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