IDBI Bank Limited has informed the Exchange regarding Change in Director(s) of the company.
IDBI · price
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Awaiting price reaction for this filing.
IDBI Bank has informed the stock exchanges that Life Insurance Corporation of India (LIC), its promoter, has withdrawn the nomination of Shri R. Doraiswamy as Nominee Director on the Bank's Board with immediate effect from September 24, 2025. As a result, Shri R. Doraiswamy ceases to be a Nominee Director on the Board. The intimation has been made under SEBI (LODR) Regulations 30 and 51. No replacement nominee director has been announced in this filing.
This is a routine board-level change driven by LIC (the bank's promoter) withdrawing one of its nominee directors. It is unlikely to materially affect the stock price or business operations, though shareholders may await communication on a successor nominee.