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Will establish IOB as bank focused on South India: MD and CEO Karnam Sekar

In a Q&A, the bank's chief also dwells the strategies to trim down the lender's non-performing assets

Karnam Sekar, managing director and chief executive officer,Indian Overseas Bank IOB
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Karnam Sekar, MD & CEO of IOB

T E Narasimhan Chennai
The government has designated four banks for regional focus; one of them is Chennai-based Indian Overseas Bank (IOB). Karnam Sekar, managing director and chief executive officer, IOB, speaks to T E Narasimhan on the bank’s strategy for growth in South India. Edited excerpts:

How do you read Government's plan to make IOB a regional bank for the south?

Ever since I joined the bank in July, I have been always saying, internally and externally, that we are the Bank of Tamil Nadu and other southern states. Even before the Government's announcement, we had decided to focus on southern states.

Our