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IDBI Bank Ltd Announces Board Changes

Sunday, 2 Jun 2013 11:18pm EDT 

IDBI Bank Ltd announced that in terms of Government of India's notification dated July 07, 2010 and consequent upon attaining the age of superannuation, Shri R. M Malla has ceased to be the Chairman and Managing Director of the Bank with effect from close of business of May 31, 2013. In terms of Govt. of India's letter dated May 31, 2013, the financial and administrative powers of the CMD shall be exercised by Shri B.K Batra, Deputy Managing Director with the approval of the Board of Directors / Managing Committee of the Bank, as the case may be, till such time that a regular incumbent is appointed by the Government as CMD of the Bank. 

Company Quote

-4.85 -6.44%
6 May 2015