Attached herewith the details about change in Directors i.e Re-appointment of Shri Jayakumar S. Pillai as DMD of the Bank for a period of one year w.e.f. June 12, 2026 as per RBI''s approval ....
IDBI · price
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IDBI Bank's Board of Directors has approved the re-appointment of Shri Jayakumar S. Pillai as Deputy Managing Director for a one-year term starting June 12, 2026. The re-appointment has received RBI approval as required for key managerial positions in banks. Shri Pillai, who joined IDBI Bank in June 2023 after serving as Chief General Manager at Canara Bank, currently leads the Bank's corporate business vertical along with multiple critical functions including Legal, HR, IT & Digital Banking, Finance, and Corporate Strategy. He also chairs IDBI Trusteeship Services Ltd. The Bank has confirmed that Shri Pillai is not related to any other Director or KMP and is not debarred from holding the office by SEBI or any other authority.
This is a routine governance update confirming continuity of a senior executive. No immediate share price impact expected as this is a re-appointment rather than a change in leadership.