IDBI Bank Limited — Important, 21-02-2025: General Updates

The Board of Directors has approved the appointment of Shri R. Doraiswamy as LIC Nominee Director on the Board of IDBI Bank, effective May 19, 2025, for a term of three years. He replaces Shri Raj Kumar, whose term concludes on May 18, 2025. Shri Doraiswamy brings over 38 years of diverse experience in operations, marketing, technology, and academics within the insurance sector. His previous roles include executive leadership positions at LIC, overseeing IT and marketing functions. Additionally, he has significant academic involvement and holds various board memberships in related organizations. This appointment may enhance IDBI Bank's strategic vision and operational capabilities given Shri Doraiswamy's extensive industry background.