Who is Akshit Choudhary? Indian Overseas Bank names new CFO; Check his qualifications and previous roles
Indian Overseas Bank is in focus with November 1 in focus.
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Akshit Choudhary is a chartered accountant with more than 15 years of professional experience across banking, financial services, auditing, treasury and business operations. Choudhary will take over as CFO from Madhaw Chandra Jha with effect from November 1, 2026.
Key facts
- Dates in focus
- November 1
The analysis
Against that, the stock is -4.0% on the day at ₹29.18, and has returned -14.5% over three months. It sits 28% below its 52-week high, which means a good deal of bad news was already in the price. The banks sector has moved -6.9% over the same period, so Indian Overseas Bank is running 7.6 points behind its peers.
For Indian Overseas Bank, the question is how much of this is already reflected in the price and how much re-rates the banks peer set alongside it.
Market context
- In focus: Indian Overseas Bank (IOB), in Banks.
- Over three months: Indian Overseas Bank -14.5% against Banks -6.9% (7.6 points behind).
- At least 25% below the 52-week high: Indian Overseas Bank (28%).
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| Indian Overseas BankIOB · Banks | ₹29.18 | -4.0% | -8.8% | -14.5% | -28.1% | 1.4× | — |
Banks
1M -5.6% · 3M -6.9%
Indian Overseas Bank
Financial Services
1M -11.8% · 3M -15.0%
Prices as of 27 Oct 2026, 16:10 IST. Sector moves are the average of the stocks we track in each sector.
In this story
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