Indian Overseas Bank (IOB) has announced the appointment of Mr. Akshit Choudhary as its new Chief Financial Officer (CFO). This change is effective from November 1, 2026, with Mr. Choudhary succeeding Mr. Madhaw Chandra Jha. Mr. Choudhary brings over 15 years of extensive experience in banking and financial services, holding qualifications including Chartered Accountant, B.Com (Hons), CAIIB, and a Diploma in Treasury, Investment, and Risk Management.
Key Leadership Appointment
Indian Overseas Bank (IOB) has officially announced a significant change in its leadership structure. In a board meeting held today, Mr. Akshit Choudhary, currently a General Manager, has been appointed as the new Chief Financial Officer (CFO) of the bank. This strategic appointment will take effect from November 1, 2026, marking a new chapter in the bank’s financial stewardship.
Successor to Current Officer
Mr. Choudhary’s appointment comes as he steps into the role previously held by Mr. Madhaw Chandra Jha, who served as the Deputy General Manager. This transition is part of the bank’s ongoing efforts to strengthen its financial management and governance frameworks.
Profile of the New CFO
A Chartered Accountant by profession, Mr. Akshit Choudhary possesses a wealth of experience spanning over 15 years across various facets of banking and financial services. His professional journey includes diverse roles in auditing, treasury operations, branch management, and regional leadership, having worked with prominent institutions such as Punjab & Sind Bank, PwC SDC, and State Bank of India. He holds a B.Com (Hons.) degree and further professional qualifications, including CAIIB and a Diploma in Treasury, Investment and Risk Management. His expertise is further enhanced by his participation in leadership development programmes, including the Board Leadership Programme.
Board Meeting Details
The Board of Directors’ meeting during which this appointment was finalized commenced at 11:30 a.m. and concluded at 04:30 p.m. today. A brief profile of Mr. Akshit Choudhary has been enclosed with the official intimation.
Source: BSE
