Indian Overseas Bank (IOB) Appoints Thomas Mathew as RBI Nominee Director
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Chennai, March 3, 2026: Indian Overseas Bank (IOB) has announced the nomination of Mr. Thomas Mathew, former Principal Chief General Manager of the Reserve Bank of India (RBI), as the RBI Nominee Director on its Board. He succeeds Ms. Sonali Sengupta with immediate effect.
This appointment has been made under the powers conferred by the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 and the Nationalised Banks (Management and Miscellaneous Provisions) Scheme, 1970, through a notification issued by the Central Government.
In compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Regulation 30), IOB has informed both the BSE (Scrip Code: 532388) and NSE (Scrip Code: IOB) regarding the change in board composition.
The brief profile of Mr. Thomas Mathew will be submitted in due course. The bank has confirmed that there are no inter-se relationships between the new director and existing board members.
This strategic appointment is expected to strengthen governance, regulatory compliance, and board oversight at IOB, further reinforcing the bank’s commitment to sound corporate governance and public sector banking standards.
About Mr. Thomas Mathew
Mr. Thomas Mathew is a highly experienced banking professional and former Principal Chief General Manager of RBI. During his tenure at RBI, he oversaw banking regulation, corporate governance, and financial supervision, contributing significantly to India’s banking policies and regulatory frameworks.
His appointment as RBI Nominee Director at IOB highlights his expertise in risk management, compliance, and strategic oversight. Known for his integrity and professionalism, Mr. Mathew brings decades of experience in public sector banking, further strengthening IOB’s board and governance practices.
About Indian Overseas Bank (IOB)
Indian Overseas Bank, headquartered in Chennai, is one of India’s leading public sector banks, established in 1937. IOB provides a wide range of retail, corporate, and international banking services, including savings and current accounts, loans, deposits, foreign exchange, and digital banking solutions.
The bank has a nationwide network of branches and ATMs, as well as international representative offices, supporting both domestic and global clients. IOB is recognized for its strong governance, regulatory compliance, and commitment to public sector banking excellence.
Key Highlights:
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Former Principal Chief General Manager, RBI
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Expertise in banking regulation, corporate governance, and financial oversight
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Appointed RBI Nominee Director at IOB, replacing Ms. Sonali Sengupta
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Brings decades of public sector banking experience