Indian Overseas Bank has named Partha Pratim Sengupta as its new Managing Director and Chief Executive Officer. Sengupta is currently Deputy Managing director at State Bank of India. His appointment will be up to date of attaining the age of superannuation, that is 31 December 2022, or until further orders, whichever is earlier. Before his elevation as Deputy Managing Director at SBI, he was Chief General Manager at the bank’s Kolkata circle. He comes with more than 3 decades of experience in the banking industry, both in retail and corporate banking, and has served in various capacities in different geographies. He takes over from Karnam Sekar, who had retired in June after converting the loss-making bank into a profitable organization.