Indian Bank has announced a change in its board composition with the nomination of Ms. Manasa Gangotri Kata as a Director. She represents the Government of India, Ministry of Finance, Department of Financial Services. This appointment is effective immediately, and she will serve until further orders. Concurrently, Shri Samir Kumar has ceased to be a Director of the Bank, with both changes taking effect on October 23, 2026. Ms. Kata is not related to other Directors and is not debarred from holding office.
Board Appointment Announced
Indian Bank has officially announced a change in its Directorate. In accordance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and powers conferred by the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970, the Central Government has nominated a new Director to the Bank’s Board. Effective October 23, 2026, Ms. Manasa Gangotri Kata has been appointed as a Director.
Government Representation on Board
Ms. Manasa Gangotri Kata represents the Government of India, specifically from the Ministry of Finance, Department of Financial Services. Her appointment is immediate and she will serve on the Board until further notice. This nomination effectively replaces Shri Samir Kumar, who has ceased to be a Director of the Bank, also effective October 23, 2026.
Director’s Background and Independence
A brief profile of Ms. Manasa Gangotri Kata will be provided in due course. The Bank confirms that Ms. Kata, as a Government of India Nominee Director, has no familial or professional relationship with any other Directors of Indian Bank. Furthermore, it is confirmed that Ms. Kata is not subject to any SEBI order or any other regulatory authority that would prevent her from holding the office of Director.
Source: BSE
