IDBI Bank Limited has informed the Exchange about change in the Board of Directors

Multiple Ind Directors ResignedManagement Changes View source PDF

IDBI · price

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AI summary

IDBI Bank has announced that two Independent Directors - Shri Samaresh Parida and Shri Jambunathan Narayanan - have ceased to hold office with effect from May 18, 2026 (end of day). The reason cited is completion of their two terms as Independent Directors, which is a standard regulatory requirement. Both directors had served the maximum permitted tenure of two terms on the board. This is a routine board change as per SEBI LODR Regulations. The bank has informed the exchanges in compliance with Regulations 30 & 51.

Likely market impact

This is a routine board transition with no immediate impact on operations. However, shareholders should note the departure of two experienced independent directors, which may temporarily affect board composition and committee structures until new independent directors are appointed.