In terms of LIC's letter dated January 18, 2019, IDBI Bank has informed that the Board of the bank has in its meeting held on January 21, 2019 approved continuation of office of Rakesh Sharma, K. P. Nair and G. M. Yadwadkar as Directors and as MD & CEO and DMDs respectively of the bank till such time as the board approves appointment of new MD & CEO and DMDs on the Board of the bank after following the due process. The above intimation is in terms of Regulation 30 of the SEBI (LODR) Regulations, 2015.
The above information is a part of company’s filings submitted to BSE.
