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IDBI Bank informs about change in directors

03 Dec 2022 Evaluate

IDBI Bank has informed that the following changes have taken place in the Board of Directors by resolutions passed by Postal Ballot on December 2, 2022: Deepak Singhal, Independent Director (DIN 08375146) on the Board, has been re-appointed as Independent Director not liable to retire by rotation, in terms of Sections 149(4), (10) & (11) and 152(2) of the Companies Act, 2013 read with Section 1 0A(2A) of the Banking Regulation Act, 1949 and Article 116(1)(vi) of the Articles of Association of the Bank, for the second term of 4 consecutive years with effect from February 28, 2023 and Sanjay G. Kallapur, Independent Director (DIN 08377808) on the Board, has been re-appointed as Independent Director not liable to retire by rotation, in terms of Sections 149(4), (10) & (11) and 152(2) of the Companies Act, 2013 read with Section 10A(2A) of the Banking Regulation Act, 1949 and Article 116(1)(vi) of the Articles of Association of the Bank, for the second term of 4 consecutive years with effect from March 5, 2023. Brief Profiles of Deepak Singhal and San jay G. Kallapur are annexed. Take the above intimation on record in terms of the provisions of Regulation 30 of SEBI (LODR) Regulation, 2015.

The above information is a part of company’s filings submitted to BSE.


IDBI Bank Share Price

82.36 1.77 (2.20%)
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