Indian Bank Shareholders Approve Appointment of Mini T M as Executive Director

New Delhi/Chennai, Jan 9, 2026:  Indian Bank on Friday said its shareholders have approved the appointment of Ms Mini T M as Executive Director of the bank with an overwhelming majority at its Extraordinary General Meeting (EGM) held through video conferencing.

According to the scrutiniser’s consolidated report, the resolution received 95.69% votes in favour, reflecting strong investor confidence in the leadership decision. The appointment was approved in compliance with Regulation 17(1C) of SEBI’s Listing Obligations and Disclosure Requirements.

Ms Mini T M was appointed as Executive Director of Indian Bank by the Government of India through a notification dated November 24, 2025. She assumed charge on the same day. Prior to this, she served as Chief General Manager at Bank of Baroda and brings with her extensive experience in banking operations and administration. Her tenure will be for a period of three years, or until further orders, whichever is earlier.

Shareholder Director Elected Unopposed

The bank also informed that Shri Bhupinder Singh Bhalla has been deemed elected unopposed as Shareholder Director, as only one valid nomination was received for the vacant position. The Nomination & Remuneration Committee of the board found him “Fit & Proper” in line with RBI’s governance guidelines, following which the election agenda item was withdrawn.

Strong Corporate Governance Message

The EGM was chaired by Managing Director & CEO Binod Kumar and attended by the bank’s board members, senior management and a representative of the Government of India. The smooth conduct of the meeting and strong voting outcome underscore the bank’s continued focus on sound corporate governance and leadership stability.

Indian Bank said the results of the voting and full proceedings of the EGM have been filed with both stock exchanges and are also available on the bank’s website.