IOIndian Overseas Bank532388Senior KMP change

CFO change: Akshit Choudhary appointed Chief Financial Officer from 01.11.2026

Board appointed Mr. Akshit Choudhary, General Manager, as Chief Financial Officer w.e.f. 01.11.2026, in place of Mr. Madhaw Chandra Jha, Deputy General Manager.

By ScoutQuest · Tue 27 Oct 2026, 5:40 PM IST · 1 min read

Appointment effective date

Chief Financial Officer w.e.f. 01.11.2026

Board meeting date

27.10.2026

Incoming CFO profile

40 years old with over 15 years of experience across banking, audit and treasury

Change in the CFO role

• Mr. Akshit Choudhary, presently General Manager, has been appointed Chief Financial Officer of the Bank with effect from 01.11.2026.
• He takes the place of Mr. Madhaw Chandra Jha, Deputy General Manager.
• The appointment was made by the Board of Directors at its meeting held on 27.10.2026.

Profile of the incoming CFO

• Age: 40 years.
• Academic qualifications: B.Com (Hons), C.A., CAIIB, DTIRM.
• Over 15 years of professional experience across banking, financial services, auditing, treasury and business operations.
• Earlier stints include Punjab & Sind Bank, PwC SDC and State Bank of India.
• Has worked in Audit & Assurance, Integrated Treasury, and as Branch Manager and Regional Manager.
• Has worked across more than 5 geographies, which the update says gave him insight into diverse markets and regional business dynamics.
• Also holds a Diploma in Treasury, Investment and Risk Management, and has attended the Board Leadership Programme conducted by Goldsmiths, University of London, in collaboration with MDI.

Why this matters to a retail investor

• The CFO is the senior executive responsible for the Bank's financial management, capital planning and risk governance.
• The update states that his mix of financial expertise, treasury experience, operational leadership and cross-geographical exposure provides a strong foundation for contributing to strategic financial management, capital planning, risk governance and sustainable institutional growth.
• The change of guard takes effect from 01.11.2026, so the new CFO's term begins on that date.

Other details recorded

• The Board meeting that day commenced at 11:30 a.m. and concluded at 4:30 p.m.
• The disclosure states there is no relationship between Directors to report in this case.

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