Indian Bank director appointment: The public sector lender informed exchanges in a BSE filing dated August 13, 2026, that the Central Government has appointed Shri Somesh Biswas as a part-time non-official director on its board. The appointment took effect on August 12, 2026.

The government made the appointment through a notification dated August 12, exercising its powers under Section 9(3)(h) of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970. Indian Bank disclosed the change in its directorate under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Tenure and professional background

Biswas has been appointed for three years from the date of the government notification, or until further orders from the Government of India, whichever is earlier. He assumed office as the bank's part-time non-official director with effect from August 12.

  • Biswas holds a postgraduate degree in Arts and a law degree.
  • He is a retired employee of the Life Insurance Corporation of India.
  • He has 34 years of experience in the insurance sector.
  • He worked as a programmer at LIC's divisional office in Silchar, Assam.

The filing identifies his date of birth as November 1, 1960. It does not disclose any additional board responsibilities attached to his appointment.

Regulatory declarations

Indian Bank stated that Biswas is not related to any of the bank's directors. It also declared that he has not been debarred from holding the office of director by any SEBI order or by another regulatory or statutory authority.

The declaration was made in accordance with the relevant circulars issued by BSE Limited and the National Stock Exchange of India Limited on June 20, 2018. Indian Bank submitted the disclosure under BSE scrip code 532814 and NSE symbol INDIANB.

The bank's filing carried reference number ISC/175/2026-27 and included the director's appointment terms, brief profile, relationship disclosure and regulatory eligibility declaration as an annexure.

Source: BSE corporate announcement.