StockWatch
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Private Sector Bank
AGM/EGM22 Jul 2026, 03:59 pm

IDBI Bank Directors' Designations Changed Post-AGM

AI Summary

IDBI Bank Ltd announced changes in the designations of its Board of Directors following the 221st Annual General Meeting held on July 21, 2026. Shri Abhijit Chakravorty and Shri Ketan Vikamsey, previously Additional Directors, have been appointed as Independent Directors. Their appointments are effective from May 19, 2026, and June 26, 2026, respectively, each for a consecutive term of 2 years. These appointments are in accordance with the Companies Act, 2013, and the Banking Regulation Act, 1949. Brief profiles of both directors were previously submitted to the stock exchanges.

Key Highlights

  • Two Additional Directors appointed as Independent Directors.
  • Appointments are for a consecutive term of 2 years.
  • Changes approved via Special Resolution at the AGM.
  • Compliance with Companies Act and Banking Regulation Act noted.