Indian Overseas Bank re-nominates three part-time directors

Indian Overseas Bank (IOB) has announced the re-nomination of three Part-Time Non-Official Directors to its board, effective April 11, 2025. The appointments, made by the Government of India, are in accordance with Regulation 30 of SEBI (LODR) Regulations, 2015. Shri B. Chandra Reddy, a Fellow member of the Institute of Chartered Accountants of India, has been re-nominated for a one-year term, or until further orders, whichever is earlier. Similarly, Shri Deepak Sharma, with qualifications in B. Com, EPGDIB (IIFT), LLB, and LLM (Real Estate), has been re-appointed. Shri Suresh Kumar Rungta, holding a Master's degree in Commerce (Finance), also returns as a director. All three re-nominations are for a period of one year from the date of notification or until further orders. The bank has confirmed that there are no inter-director relationships requiring disclosure.