IDBI Bank decides to continue with existing MD, DMDs
Updated : January 21, 2019 02:05 PM IST
Insurance giant LIC has completed the acquisition of 51 percent controlling in the bank, IDBI Bank said in a regulatory filing on Monday.
However, the bank's board also approved the appointment of Rajesh Kandwal as an additional director and LIC's nominee director on the board of IDBI Bank. Kandwal is the director and the chief executive officer of LICHFL Care Homes Ltd.