Management Change18 May 2026, 06:31 pm
IDBI: Two Independent Directors cease to be on Board
AI Summary
IDBI Bank Ltd. announced that Shri Samaresh Parida and Shri Jambunathan Narayanan have ceased to be Independent Directors on its Board. Their tenure concluded upon the completion of two terms. The change is effective from the end of day on May 18, 2026. This intimation is in compliance with Regulations 30 & 51 of SEBI (LODR) Regulations, 2015.
Key Highlights
- Two Independent Directors, S. Parida and J. Narayanan, have stepped down.
- Their cessation is due to the completion of two terms on the Board.
- The change in directorship is effective from May 18, 2026.
- This aligns with SEBI (LODR) Regulations, 2015.
Price Impact
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