Indian Bank has informed the Exchange regarding Change in Director(s) of the company.
INDIANB · price
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Indian Bank announced a change in its Board of Directors effective 13.05.2026. Shri Samir Kumar, who serves as Economic Advisor in the Ministry of Finance, Department of Financial Services, has been nominated by the Central Government as a Director on the Bank's Board. He replaces Shri Alok Pande, who ceased to be Director at the end of the day on 13.05.2026. This is a routine government nominee director change under section 9(3)(b) of the Banking Companies Act, 1970. The Bank confirmed that Shri Samir Kumar is not related to other Directors and is not debarred from holding the office of Director.
This is a routine board composition change reflecting the government's right to nominate directors on public sector banks like Indian Bank. It is unlikely to have any material impact on the stock price as government nominee changes are common in PSU banks.