Indian Bank has announced the promotion of Shri Navin Kumar Shrivastava to the position of Chief General Manager-Chief Risk Officer (CRO), effective January 1, 2026. The appointment represents a significant advancement in the bank's senior management structure and was disclosed in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Management Transition Details

The promotion involves Shrivastava's transition from his current role as General Manager in the Risk Management Department to the elevated position of Chief General Manager-Chief Risk Officer. This change reflects the bank's focus on strengthening its risk management framework through experienced leadership.

Professional Background and Qualifications

Shri Navin Kumar Shrivastava brings substantial expertise to his new role, with over 31 years of rich banking experience. His educational and professional qualifications demonstrate a strong foundation in banking and risk management.

Key Qualifications:

• Engineering graduate
• Diploma in Treasury, Investment and Risk Management
• Diploma in International Banking and Finance
• Certified Associate of Indian Institute of Bankers (CAIIB)
• Over 31 years of banking experience

Regulatory Compliance

The announcement was made through the bank's Investor Services Cell and communicated to stakeholders as required under SEBI regulations. The disclosure ensures transparency in senior management changes and provides investors with relevant information about leadership transitions within the organization.

The appointment of an experienced professional like Shrivastava to the Chief Risk Officer position underscores Indian Bank's commitment to maintaining robust risk management practices. His extensive background in risk management, combined with his comprehensive banking experience, positions him well to oversee the bank's risk framework in his new capacity.

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.