In this article we extend the method of Yong-Lin Chen (Iterative methods for computing the generalized inverses A (2) T,S of a matrix A, Appl. Math. Comput. 75 (2-3) (1996)) to inifinite dimensional settings. Precisely, we construct an iterative method for computing outer generalized inverses of operators on Banach spaces, and also for computing the generalized Drazin inverse of Banach algebra ...