Mumbai: Indian Bank has announced the appointment of Samir Kumar as the Government Nominee Director on its Board, following a nomination by the Government of India. He replaces Alok Pande, effective May 13, 2026.
The bank disclosed the change to the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) in compliance with SEBI Listing Regulations, 2015.
Appointment Issued Under Banking Companies Act, 1970
The Central Government appointed Samir Kumar under the provisions of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970.
He currently serves as Economic Advisor in the Ministry of Finance, Department of Financial Services, and has assumed charge as Director with immediate effect until further orders.
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Strong Administrative and Policy Experience
Samir Kumar belongs to the Indian Economic Service (1995 batch) and has extensive experience in key government departments.
His previous roles include:
- Planning Commission
- Department of Commerce
- Department of Economic Affairs (DEA)
- Central Economic Intelligence Bureau (CEIB)
He has also served as Joint Secretary in the Department of Drinking Water and Sanitation, contributing to flagship schemes such as:
- Swachh Bharat Mission (Grameen)
- Jal Jeevan Mission
Governance and Financial Sector Expertise
Currently, he handles key responsibilities in the Department of Financial Services, including:
- Pension reforms
- Debt Recovery Tribunals
- Economic analysis and administration
He also serves as Government Nominee Director on the board of CERSAI, which manages securitisation, asset reconstruction, and CKYC systems.
Compliance and Regulatory Disclosure
Indian Bank confirmed that the appointment complies with SEBI (LODR) Regulations, 2015.
The bank also clarified that:
- Samir Kumar is not related to any existing board members
- He is not debarred by SEBI or any regulatory authority
- His detailed profile has been submitted to stock exchanges
The appointment of Samir Kumar is expected to strengthen governance and policy oversight at Indian Bank, bringing extensive experience in economic policy and public administration to the board.
About Indian Bank
Indian Bank is a leading public sector bank in India, offering a wide range of banking and financial services across retail, corporate, and rural sectors. Established in 1907, the bank plays a key role in supporting India’s financial inclusion and economic development initiatives.
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