Approval of the RBI for the re-appointment of Part-Time Chairman of the Bank
SURYODAY · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
RBI has approved the re-appointment of Mr. Krishna Prasad Nair as Non-Executive Part-time Chairman of the Bank for a period of 3 years from July 22, 2026 to July 21, 2029. Mr. Nair has been an Independent Director on the Board since July 2021 and was already serving as Part-time Chairman since November 2023. The Board of Directors took this RBI approval on record on May 12, 2026. Mr. Nair is a veteran banker with over 38 years of experience, having served at Indian Overseas Bank and IDBI Bank in various senior roles including Executive Director and Deputy Managing Director. He is not related to any other Director and does not hold any shares in the Bank.
This is a routine governance update indicating continuity in leadership. The re-appointment has already been approved by shareholders in February 2026, so there is no material impact on shareholders or stock price.