Chennai, January 17th, 2025: Mr. Binod Kumar assumed office as the Managing Director (MD) and Chief Executive Officer (CEO) of Indian Bank, today. He brings with him immense experience in Banking of more than 3 decades in different capacity. As Executive Director of Punjab National Bank(PNB) since November 2022 he was holding responsibility of Corporate Banking, Treasury Division, International Banking Division, Finance Division, Data Analytics & Data warehousing.

During his distinguished career at PNB, he held various key positions, viz. Chief General Manager (Corporate Credit), Zonal Manager, and served as CEO of PNB Operations at the Dubai International Financial Centre. As a visionary leader, he has always driven innovation, operational efficiency, and enhanced customer experience throughout his career. He has also served as the Nominee Director on behalf of PNB on the Board of PNB Housing Finance Limited and ISARC(India SME Asset Reconstruction Company Limited).

Mr. Kumar is a science graduate and also holds the Post Graduate Diploma in Banking and Finance from NIBM. He is a Financial Risk Manager(FRM) certified by GARP(USA) and Certified Associate of Indian Institute of Bankers(CAIIB). He also holds diploma in Treasury Investment and Risk Management. He has completed leadership skill development programme in at IIM Bangalore.

Under his leadership, Indian Bank is set to strengthen further its position in market presence, deepen customer relationships and continue its commitment of delivering exceptional financial services to all its esteemed customers all across the country and at selected location abroad.