In terms of LICs letter dated January 18, 2019, IDBI Bank has informed that the Board at its meeting held on January 21, 2019 has approved the appointment of Rajesh Kandwal as an Additional Director and LICs Nominee Director on the Board of the company in terms of amended Article 116 of the Articles of Association and Section 161(1), 161(3) of the Companies Act, 2013 and other applicable provisions, if any, of various acts, regulations, and guidelines, liable to retire by rotation.
The above information is a part of company’s filings submitted to BSE.
