IDBI Bank Limited announced the appointment of Ajay Prakash Sawhney as Independent Director on the company’s Board, with effect from August 28, 2023. According to the bank’s exchange filing, “This is to inform that the Board of Directors of IDBI Bank Ltd. at its meeting held on August 19, 2023 has approved the appointment of…
IDBI Bank Limited, a private sector lender, announced the appointment of Jayakumar Subramonia Pillai as Deputy Managing Director of the company, with effect from June 12, 2023. According to the bank’s exchange filing, “In continuation to Bank’s disclosure dated May 22, 2023, we advise that Shri Jayakumar Subramonia Pillai has taken charge as Deputy Managing…
State-run IDBI Bank Limited announced the re-appointment of Samuel Joseph Jebaraj as Deputy Managing Director, with effect from September 20, 2022. According to the company’s exchange filing, “This is to inform that the Board of Directors of IDBI Bank Ltd. on September 05, 2022 have approved the re-appointment of Shri Samuel Joseph Jebaraj (DIN: 02262530)…
Ageas, an international insurance Group, announced that it has signed an agreement to buy the 25% stake of IDBI Bank in the Indian Life insurance joint venture Ageas Federal Life Insurance Company Ltd. (AFLIC). With this transaction, Ageas will increase its interest in the joint venture it currently operates together with IDBI Bank and Federal…
IDBI Bank Limited announced the appointment of Raj Kumar to its Board, with effect from May 9, 2022. According to the company’s exchange filing, “In continuation of Bank’s disclosure dated May 9, 2022, this is to inform that the Board of Directors have approved the appointment of Shri Raj Kumar (DIN: 06627311), Managing Director of…
IDBI Bank Limited announced the appointment of TN Manoharan as a Part-time Chairman, with effect from May 9, 2022. According to the bank’s exchange filing, “In Continuation of Bank’s disclosure dated February 24, 2022, Board of Directors of the Bank have approved the appointment of Shri T. N. Manoharan, Independent Director (DIN: 01186248) as Part-time…
IDBI Bank Limited announced the appointment of Manoj Sahay, Joint Secretary & Financial Advisor, Government of India, Ministry of Finance, Department of Expenditure, and Sushil Kumar Singh, Director, Government of India, Ministry of Finance, Department of Financial Service, as Directors on the bank’s board. According to the Bank’s exchange filing, “This is to advise that,…
IDBI Bank has completed sale transaction of its 23% stake to Ageas Insurance International JV on December 31, 2020 pursuant to receipt of the requisite regulatory approvals. Pursuant to sale of 23% holding representing 18,40,00,000 shares to Ageas for a consideration of Rs.507.10 crore, IDBI Bank’s shareholding in IFLI now stands at 25% from the…