Indian Bank has informed the Exchange about Retirement of Shri Sukh Sagar Prasad Roy, Chief General Manager from Bank's services on superannuation

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AI summary

Indian Bank has announced the retirement of Shri Sukh Sagar Prasad Roy, Chief General Manager — Estate / BOD / ES to MD & CEO and Secretary to the Board of the Bank. He demitted office on 30 April 2026 upon superannuation and ceases to hold the position effective 1 May 2026. This disclosure is made under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Bank has not yet announced a successor for the role.

Likely market impact

The departure of a senior KMP who served as both Chief General Manager and Board Secretary may lead to a brief governance transition. Given the dual responsibility, the Bank will need to appoint replacements for both operational and secretarial functions.