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.
Have you signed up for Primo, our daily newsletter?It has all the stories and data on the market, business, economy and tech that you need to know.
THANK YOU! You made our day. See you every morningYOUR EMAIL IS ON ITS WAY. Check your inbox for future updates.
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more