IDBI Bank Limited has informed the Exchange regarding Change in Director(s) of the company.
IDBI · price
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IDBI Bank has informed the stock exchanges that Shri Raj Kumar has ceased to be LIC Nominee Director on the Bank's Board with effect from May 18, 2025, on completion of his term. This is a routine change linked to the end of his tenure, not a mid-term resignation. LIC, as a major shareholder, nominates directors to IDBI Bank's board, and the seat is expected to be filled by a new nominee in due course.
This is a routine, scheduled change with no material impact on operations or shareholders. Investors should watch for a replacement nomination from LIC, which is a key stakeholder in the bank.