Indian Overseas Bank has restructured its senior management, elevating Mr. Alagarsamy S to the post of Chief General Manager and designating him as the Chief Compliance Officer effective July 1, 2026. The bank also announced the elevation of Mr. Vikram Khera to General Manager and reallocated functional portfolios for several other senior executives. These changes were disclosed to the stock exchanges pursuant to Regulation 30 and 51 of the SEBI (LODR) Regulations, 2015.

Management Elevations

Mr. Alagarsamy S brings over 34 years of experience to his new role, having joined the bank in September 1991. He holds qualifications including M.Sc., CAIIB, and certifications in Risk, IT & Cyber Security, and Credit. Mr. Vikram Khera, elevated to General Manager, has 17 years of experience and holds an M.Sc, MBA, and CAIIB certification.

Functional Allocation Changes

The bank has implemented changes in the functional assignments of its senior management personnel. Mr. Sanjay Kumar Singh, General Manager, has been allocated the Accounts portfolio while retaining his existing role in the Conduct and Disciplinary Action Cell. Mr. Sathia Narayanan, General Manager, now oversees the Enterprise Data Management Department in addition to his existing duties at the Digital Centre of Excellence & Management Information Systems Department.

Further changes include the reassignment of Mr. Velayutham K, General Manager, to the Agriculture and Rural Banking Department, SLBC and RRB, reporting from July 6, 2026. Mr. Harjit Singh, Deputy General Manager, has also moved to the Agriculture and Rural Banking Department, SLBC and RRB. Mr. Rakesh Sasikumar has been appointed Head of Department for the Jewel Loan Cell, and Mr. Vilender Kumar has been designated Head of Department - All Government Lending Schemes relating to Retail, Agri & MSME Departments & Financial Inclusion.

Indian Overseas Bank has disclosed that its promoter, the President of India, held 92.44% of the bank's equity shares as of March 31, 2026. The bank confirmed that the promoter, along with persons acting in concert, did not create any encumbrance directly or indirectly during the financial year 2025-26. This declaration ensures shareholders that the promoter's substantial stake remains unencumbered, safeguarding against potential risks associated with pledged shares.

The disclosure was submitted to the stock exchanges in compliance with Regulation 31(4) and 31(5) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. These regulations mandate periodic reporting to maintain transparency regarding the holding status of promoters and their ability to pledge shares. The filing was signed by Raghuram Mallela, Deputy General Manager, Company Secretary & Compliance Officer.

Shareholding Details

The following table outlines the promoter's shareholding status as of the specified date:

The bank confirmed that no encumbrance was made by the promoter or persons acting in concert during FY26. This status is critical for maintaining investor confidence, as encumbrances can signal financial stress or liquidity issues at the promoter level.