IOB gets new ED

: Public sector Indian Overseas

Bank today said K Swaminathan has been appointed as its Executive Director with immediate effect.

"In its notification, Government of India appointed K Swaminathan as Executive Director of our Bank and he assumed charge on February 17", the city-headquartered bank said in a BSE filing.

Shares of the bank were trading at Rs 26.85 apiece downby 0.37 per cent over previous close in afternoon BSE.