IDBI Bank has informed that vide communication dated April 11, 2022, Government of India has nominated Manoj Sahay (Joint Secretary & Financial Advisor, Government of India, Minsitry of Finance, Department of Expenditure) and Sushil Kumar Singh (Director, Governement of India, Ministry of Finance, Department of Financial Services) as Directors on the Board of the Bank vice Meera Swarup and Anshuman Sharma respectively, with immediate effect and until further orders. Anshuman Sharma has, hence ceased to be Government Nominee Director with effective from April 11, 2022. The Appointment of Manoj Sahay and Sushil Kumar Singh on the Board as Government Nominee Directors is being separately processed under Section 161(3) of the Companies Act, 2013.
The above information is a part of company’s filings submitted to BSE.
