Indian Overseas Bank has made a disclosure under Regulation 30 of SEBI LODR Regulations, 2015 regarding a management change.
The Board of Directors of the Bank, in its meeting held on 27th October 2026, appointed Mr. Akshit Choudhary, General Manager, as Chief Financial Officer of the Bank. This appointment is effective from 01.11.2026. Mr. Choudhary replaces Mr. Madhaw Chandra Jha, Deputy General Manager, who previously held the CFO position.
The Board meeting commenced at 11:30 a.m. and concluded at 4:30 p.m. on 27th October 2026.
Profile of Mr. Akshit Choudhary
- Academic Qualification: B.Com (Hons), C.A., CAIIB, DTIRM
- Age: 40 years
- Experience: Chartered Accountant with over 15 years of professional experience across banking, financial services, auditing, treasury, and business operations
- Previous Organizations: Punjab & Sind Bank, PwC SDC, and State Bank of India
- Functional Domains: Audit & Assurance, Integrated Treasury, Branch Manager, and Regional Manager
- Geographical Exposure: Worked across more than 5 geographies, providing insights into diverse markets and regional business dynamics
- Additional Qualifications: Diploma in Treasury, Investment and Risk Management; Participant in leadership development programmes including the Board Leadership Programme conducted by Goldsmiths, University of London in collaboration with MDI
The disclosure confirms that there is no applicable relationship between directors that requires disclosure.
The intimation was signed by Mr. Raghuram Mallela, Deputy General Manager/ Company Secretary & Compliance Officer, on 27.10.2026 at 17:34:00 +05'30'.