Indian Overseas Bank Announces Major Senior Management Restructuring with 11 Executive Elevations

Indian Overseas Bank has announced a comprehensive senior management restructuring, promoting 11 executives to key leadership positions effective April 1, 2026. The announcement was made through a regulatory filing under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Chief General Manager Appointments

The bank has elevated three senior executives to the position of Chief General Manager, recognizing their extensive experience and contributions to the organization.

Executive	Position	Experience	Key Qualifications
Mr Koustuv Majumder	Chief General Manager	27+ years	M.Sc, PGDB, Risk certifications, CAIIB
Mr Sanjay Kishore	Chief General Manager	27+ years	B.A, M.A, CAIIB
Mrs Selvarani V	Chief General Manager	29+ years	B.Sc, B.L, CAIIB

Mr Koustuv Majumder joined the bank in March 1999 and brings over 27 years of banking experience. He holds a Master of Science degree and a Post Graduate Diploma in Banking, along with certifications in Risk Financial services. He has completed Financial Risk Manager – Part I and CAIIB, and is certified as both a credit professional and treasury professional. Throughout his tenure, he has served in various capacities including Regional Head and department head at the bank's Central Office.

Mr Sanjay Kishore, who also joined in March 1999, has accumulated more than 27 years of experience within the bank. He holds Bachelor's and Master's degrees in Arts and has completed CAIIB certification. He has served in multiple capacities including Regional Head and is currently heading the Delhi Region.

Mrs Selvarani V joined the bank in March 1997 and brings 29+ years of experience. She holds a Bachelor of Science degree and a Bachelor of Law degree, complemented by CAIIB certification. Her career has spanned various roles including Regional Head positions.

General Manager Promotions

Eight executives have been promoted to General Manager positions, representing a significant expansion of the bank's senior leadership team.

Executive	Experience	Educational Background	Joining Year
Mr Ahmed Kabeer	33 years	M.C.A, CAIIB	November 1992
Mr Amit Srivastava	21+ years	B.Sc, MSME certification, CAIIB	December 2004
Mr Bhupendra Narayan Singh	25+ years	B.Sc, MBA, CAIIB	July 2000
Mrs Dhurga Devi M	29+ years	B.Sc (Ag), RSA certification, CAIIB	March 1997
Mr Radhakrishnan S	30+ years	M.C.A, CISSP, CISA, CEISB, CAIIB	July 1995
Mr Rajesh M S	26+ years	MA, PGDM (Executive), CAIIB - I	September 1999
Mr Ravi Shankar Sahoo	18+ years	MBA, M.C.A, CAIIB	June 2007
Mr Venkata Dayalprasad Goli	18 years	M.B.A, CAIIB	August 2007

Professional Expertise and Qualifications

The promoted executives demonstrate diverse educational backgrounds and specialized certifications relevant to modern banking operations. Notable qualifications include:

Technical expertise: Multiple executives hold M.C.A degrees and specialized IT certifications
Risk management: Certifications in CISSP, CISA, and risk management
Credit operations: Certified Credit Professionals among the appointees
Regulatory compliance: RSA certifications with emphasis on IBC 2016
Leadership development: PGDM Executive and MBA qualifications

Organizational Impact

This restructuring represents one of the most significant senior management changes in recent years for Indian Overseas Bank. The promotions span executives with experience ranging from 18 to 33 years, indicating the bank's commitment to internal talent development and succession planning. All appointees have demonstrated their capabilities across various roles including Regional Head positions and specialized department leadership.

The announcement was signed by Raghuram Mallela, Deputy General Manager/Company Secretary & Compliance Officer, and communicated to both BSE Limited and National Stock Exchange of India Limited as per regulatory requirements.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.17%	-0.79%	-10.04%	-17.11%	-13.02%	+93.45%

Indian Overseas Bank has completed its annual interest payment of ₹57.19 crore on BASEL III Tier-II Bonds Series IV, adhering to its scheduled obligation as of March 31, 2026. The payment was executed in compliance with Regulation 57 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, demonstrating the bank's commitment to regulatory adherence and investor obligations.

Bond Details and Payment Structure

The BASEL III Tier-II Bonds Series IV, carrying ISIN INE565A08043, represent a significant component of the bank's capital structure with a total issue size of ₹665 crore. The bonds operate on an annual interest payment frequency, providing predictable returns to bondholders.

Parameter	Details
ISIN	INE565A08043
Issue Size	₹665 Crore
Interest Payment Frequency	Annual
Interest Amount Paid	₹57,19,00,000/-

Payment Timeline and Execution

The bank maintained strict adherence to its payment schedule, with all key dates executed as planned. The interest payment record date was established as March 16, 2026, providing bondholders with adequate notice for the upcoming payment.

Timeline Component	Date
Interest Payment Record Date	16/03/2026
Due Date for Interest Payment	31/03/2026
Actual Date of Interest Paid	31/03/2026
Previous Interest Payment Date	31/03/2025

Regulatory Compliance and Disclosure

The payment notification was submitted to both BSE Limited and National Stock Exchange of India Limited as part of the bank's regulatory disclosure obligations. The bank confirmed that no delays or non-payment issues occurred during this payment cycle, maintaining its track record of timely interest payments to bondholders.

The disclosure was signed by Raghuram Mallela, Deputy General Manager and Company Secretary & Compliance Officer, on April 1, 2026, ensuring proper corporate governance protocols were followed throughout the process.