News

Indian Overseas Bank informed the Bombay Stock Exchange and National Stock Exchange that its Board of Directors has appointed Mr. Akshit Choudhary, General Manager, as Chief Financial Officer, effective November 1, 2026, replacing Mr. Madhaw Chandra Jha, Deputy General Manager. Mr. Choudhary, aged 40, is a Chartered Accountant with over 15 years of experience in banking, financial services, auditing, treasury, and business operations, previously working with Punjab & Sind Bank, PwC SDC, and State Bank of India.

Indian Overseas Bank said a meeting of its Board of Directors will be held on October 26, 2026, in Chennai to consider and approve the unaudited (reviewed) financial results for the quarter and half year ended September 30, 2026, according to a regulatory filing. The trading window for the bank`s securities will remain closed for designated persons, their immediate relatives, and all other insiders from October 1, 2026, to October 28, 2026.

Indian Overseas Bank announced a revision to its External Benchmark Lending Rate (EBLR), also known as Repo Linked Lending Rate (RLLR), which will increase from 8.10% to 8.35% effective October 8, 2026, according to a regulatory filing with the Bombay Stock Exchange and National Stock Exchange of India.

Indian Overseas Bank informed the Bombay Stock Exchange and National Stock Exchange of India that the trading window for dealing in securities of the bank will be closed from October 1, 2026, until 48 hours after the disclosure of the unaudited financial results for the quarter and half-year ended September 30, 2026.

Indian Overseas Bank informed the Bombay Stock Exchange and National Stock Exchange that the United Forum of Bank Unions has proposed a strike on September 28, 29, and 30, 2026, which may affect the functioning of the bank`s branches and offices.