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Indian Overseas Bank (IOB), Indian Bank, and other public sector banks are set to get new executive directors (EDs) with the elevation of chief general managers (CGM) and general managers (GMs). Canara Bank CGM S. Srimathy has been elevated as IOB’s ED while Indian Bank GM Imran Amin Siddiqui has been appointed as ED in the same bank. Indian Bank GM M. Karthikeyan will move to the Bank of India. The Appointments Committee of the Cabinet (ACC) announced the names of 14 CGMs and GMs who were promoted as EDs of various public sector banks.