Indian Bank has announced a significant change in its senior management structure with the retirement of a key executive from its risk management division. The public sector bank communicated this development to stakeholders through an official notification dated December 31, 2025.

Executive Retirement Details

Shri Sujit Kumar Dey, who held the position of Chief General Manager - CRO & FRMD (Chief Risk Officer & Financial Risk Management Department), demitted office on December 31, 2025 upon superannuation. The retirement took effect at the end of the day on December 31, 2025.

Regulatory Compliance

The bank made this announcement in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Indian Bank emphasized that the disclosure was made for information, record, and dissemination purposes as required under the regulatory framework.

Impact on Risk Management Function

With Dey's retirement, he ceases to be the Chief Risk Officer (CRO) of the bank effective January 1, 2026. This marks the end of his tenure in overseeing the bank's risk management operations and financial risk management department. The CRO position is crucial for banking institutions as it involves managing various types of risks including credit risk, operational risk, and market risk.

Official Communication

The announcement was made through an official letter from the bank's Investor Services Cell, bearing reference number ISC/255/2025-26. The communication was signed by Dina Nath Kumar, AGM & Company Secretary, and was digitally signed on December 31, 2025.

Indian Bank has announced a comprehensive revision in its benchmark lending rates, with the new rates set to take effect from January 3, 2026. The decision follows a detailed review conducted by the bank's Asset Liability Management Committee (ALCO) in compliance with SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

MCLR Rates Reduced Across All Tenors

The bank has implemented a uniform reduction of 5 basis points across all Marginal Cost of funds based Lending Rate (MCLR) tenors. The revised MCLR structure demonstrates the bank's commitment to providing competitive lending rates to its customers.

Treasury Bills Linked Rates See Varied Reductions

Treasury Bills Linked Lending Rates (TBLR) have been revised with reductions ranging from 5 to 10 basis points across different tenor categories. The most significant reduction of 10 basis points has been applied to the shortest tenor category.

Base Rate and BPLR Adjustments

The bank has also revised its Base Rate and Benchmark Prime Lending Rate, with both rates experiencing a reduction of 5 basis points each.

Unchanged Benchmark Rates

While several rates have been revised downward, the bank has maintained its Policy Repo Rate and Repo Linked Benchmark Lending Rates at their current levels.

The rate revision announcement was communicated through the bank's Investor Services Cell and signed by AGM & Company Secretary Dina Nath Kumar on December 31, 2025. These changes reflect the bank's ongoing efforts to optimize its lending rate structure while maintaining competitive positioning in the market.