BSEHighNeutral
Announced Sat, 31 May · 18:11 IST
Attached herewith the details about Change in Senior Management Personnel of the Bank. Kindly Acknowledge Receipt.
Management Changes View source PDF
Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
IDBI Bank has informed stock exchanges that Shri Murali Sourirajan, Executive Director (a Senior Management position), has ceased to be Senior Management Personnel of the Bank with effect from the end of business hours on May 31, 2025. The exit is on account of attaining the age of superannuation, i.e., a routine retirement. No successor has been named in this filing. The disclosure is made under SEBI LODR Regulations 30 and 51.
Likely market impact
This is a routine retirement due to superannuation and is unlikely to materially affect the bank's operations or stock price. Shareholders should watch for a separate announcement regarding the appointment of a new Executive Director to fill the vacancy.