Change in Chief Financial Officer w.e.f 01.11.2026

Ref No. IRC/157/2026-27 27.10.2026 National Stock Exchange of India Ltd., BSE Limited, Exchange Plaza, C-1 Block G, Floor 1, P.J. Towers, Dalal Street, Bandra-Kurla Complex, Bandra (E), Mumbai 400 001 Mumbai – 400 051 BSE SCRIP CODE: 532388 NSE SCRIP CODE: IOB Intimation under Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 (LODR) We refer to the captioned subject and inform that Board of Directors of the Bank, in its meeting held today has appointed Mr. Akshit Choudhary, General Manager as Chief Financial Officer of the Bank with effect from 01.11.2026 in place of Mr. Madhaw Chandra Jha, Deputy General Manager, A brief profile of Mr. Akshit Choudhary is enclosed. The meeting of the Board of Directors commenced at 11:30 a.m and concluded at 04:30 p.m. This is for your information and appropriate dissemination. Yours faithfully, Raghuram Mallela Deputy General Manager/ Company Secretary & Compliance Officer Investor Relations Cell, Central Office, 763, Anna Salai, Chennai 600 002 044 – 7172 9791, 2888 9360 | investor@iob.bank.in Details required under SEBI (LODR) Regulations, 2015 read with SEBI Circular No. HO/49/14/14(7)2025- CFD-POD2/I/3762/2026 dated 30.01.2026 Particulars Details Reason for change, Appointment of Mr Akshit Choudhary, General viz. appointment, re- Manager as the Chief Financial Officer of the Bank in appointment, place of Mr. Madhaw Chandra Jha, Deputy General resignation, removal, Manager with effect from 01.11.2026. death or otherwise Effective date of 01.11.2026 appointment BRIEF PROFILE OF Mr. AKSHIT CHOUDHARY Academic B.Com (Hons), C.A.,CAIIB, DTIRM Qualification Age 40 years Experience Mr. Akshit Choudhary is a Chartered Accountant with over 15 years of professional experience across banking, financial services, auditing, treasury, and business operations. His professional journey includes stints with the Punjab & Sind Bank, PwC SDC and State Bank of India. He brings diverse experience across multiple functional domains, including Audit & Assurance, Integrated Treasury, Branch Manager, and Regional Manager. His exposure to both frontline business operations and Head Office functions provides him with a comprehensive understanding of banking, financial management, risk, and organizational performance. Having worked across more than 5 geographies, he has developed valuable insights into diverse markets, regional business dynamics, and the opportunities and challenges associated with different operating environments. Apart from being a C.A, he holds a B.Com. (Hons.) degree, with additional qualifications including CAIIB and a Diploma in Treasury, Investment and Risk Management. He has also participated in several leadership development programmes including the Board Leadership Programme conducted by Investor Relations Cell, Central Office, 763, Anna Salai, Chennai 600 002 044 – 7172 9791, 2888 9360 | investor@iob.bank.in Goldsmiths, University of London, in collaboration with MDI. His combination of financial expertise, treasury experience, operational leadership, and cross- geographical exposure provides a strong foundation for contributing to strategic financial management, capital planning, risk governance, and sustainable institutional growth. Disclosure o f Not Applicable relationship between Directors (in case of appointment of a director) Investor Relations Cell, Central Office, 763, Anna Salai, Chennai 600 002 044 – 7172 9791, 2888 9360 | investor@iob.bank.in