Indian Bank has announced the appointment of Shri Somesh Biswas as a Part-time Non-Official Director on its Board. This appointment, made by the Central Government, is effective from 12.08.2026 for a period of three years. Shri Biswas brings extensive experience from the insurance sector, having retired from the Life Insurance Corporation of India after 34 years. He is not related to any existing directors on the bank’s board.
Indian Bank Welcomes New Board Member
Indian Bank has officially announced the appointment of Shri Somesh Biswas to its Board of Directors. He will serve as a Part-time Non-Official Director, a move formalized by the Central Government via Notification No. eF. No. 6/2(iii)/2026-BO-I dated 12.08.2026.
Appointment Details and Tenure
The tenure for Shri Biswas’s appointment is set for a period of three years, commencing from the date of notification, or until further orders are issued, whichever comes first. His appointment is in line with regulatory requirements and aims to strengthen the board’s expertise.
Shri Somesh Biswas’s Profile
Shri Somesh Biswas brings a wealth of experience to the board, with a background as a retired employee of the Life Insurance Corporation of India (LIC). He possesses 34 years of experience in the insurance sector and has worked in various capacities, including as a programmer. Shri Biswas holds a Post Graduate degree in Arts (M.A.) and a Law Graduate degree (L.L.B.).
Board Independence
In compliance with relevant regulations, it has been declared that Shri Somesh Biswas is not related to any of the existing Directors of Indian Bank. Furthermore, he is confirmed to not be debarred from holding the office of Director by any SEBI order or other regulatory authority.
Source: BSE
