Indian Overseas Bank Appoints Akshit Choudhary As Chief Financial Officer; Madhaw Chandra Jha Completes His Tenure
Indian Overseas Bank has appointed Akshit Choudhary as its new Chief Financial Officer (CFO), effective November 1, 2026. Madhaw Chandra Jha will complete his tenure as CFO on the same date.
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 Punjab & Sind Bank, PwC SDC and State Bank of India. He brings diverse experience across multiple functional domains, including Audit & Assurance and Integrated Treasury. His exposure to both frontline business operations and Head Office functions provides him with a comprehensive understanding of banking, financial management, risk, and organisational performance. Having worked across more than 5 geographies, he has developed insights into diverse markets, regional business dynamics, and the opportunities and challenges associated with different operating environments. He has also participated in several leadership development programmes, including the Board Leadership Programme conducted by Goldsmiths, University of London, in collaboration with MDI. His combination of financial expertise, treasury experience, operational leadership, and cross-geographical exposure provides a foundation for contributing to strategic financial management, capital planning, risk governance, and sustainable institutional growth.
He holds a B.Com. (Hons.) degree, with additional qualifications including Certified Associate of the Indian Institute of Bankers (CAIIB) and a Diploma in Treasury, Investment and Risk Management.




