As per GoI directives
IDBI Bank announced that in compliance of Govt. of India's directives contained in the letter dated 24 February 2015, the Board of Directors of the Bank at its meeting held on 04 March 2015, has approved the proposal for separating the post of Chairman & Managing Director into 2 posts of a Chairman and a Managing Director & CEO by effecting amendments in the Articles of Association subject to RBI approval as per Section 35B of the Banking Regulation Act, 1949 and Shareholders' approval to be obtained by passing Special Resolution in this regard.Powered by Capital Market - Live News
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