The Board of Directors of Indian Overseas Bank (IOB) has approved the appointment of Mr. Raghuram Mallela as the new Company Secretary and Compliance Officer, effective February 27, 2026. Mr. Mallela is a qualified Company Secretary with over 12 years of banking experience, having previously served with Union Bank of India and erstwhile Andhra Bank. The board meeting concluded at 17:15 p.m. on the date of the announcement.
Board Approves Key Management Change
Indian Overseas Bank (IOB) announced the outcome of its Board Meeting held on February 27, 2026, confirming a key managerial appointment. The Board accorded approval for the appointment of Mr. Raghuram Mallela to the roles of Company Secretary & Compliance Officer, effective from the same day, w.e.f. 27.02.2026. The meeting formally commenced at 12 Noon and concluded at 17:15 p.m.
Profile of the New Appointee
Mr. Raghuram Mallela brings substantial experience to the role. He is a qualified Company Secretary (Membership No. A31442) and holds a Bachelor of Commerce degree. Furthermore, he is a Certified Associate of the Indian Institute of Banking (CAIIB). His professional tenure exceeds 12 years in the banking industry. Prior to joining IOB, Mr. Mallela held the position of Company Secretary at erstwhile Andhra Bank before its amalgamation with Union Bank of India, where he was also engaged.
Delegation of Authority
In a measure ensuring continuity, the Bank has designated Mr. Ram Mohan. K (ACS 70766) and Mr. Vishal Bhatnagar (ACS 72629) as Deputy Company Secretaries. These officers are severally authorized to execute or sign necessary regulatory papers and disclosures under SEBI (LODR) Regulations in the absence of Shri Raghuram Mallela. No disclosure regarding the relationship between the new appointee and the Directors was applicable.
Source: BSE
