Indian Overseas Bank has informed the Exchange regarding Change in Director(s) of the company.
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Indian Overseas Bank has informed the exchanges that the Central Government has nominated Mr. Thomas Mathew, a retired Principal Chief General Manager from the Reserve Bank of India, as the new RBI Nominee Director on the Bank's Board. He replaces Ms. Sonali Sen Gupta, effective 3rd March 2026, and will serve until further orders. The appointment was made under the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970. A detailed brief profile of Mr. Mathew will be submitted separately.
This is a routine government-mandated change of the RBI Nominee Director on a public sector bank's board and is unlikely to have any material impact on the bank's operations or stock price.