Analjit Singh joins IDBI board

The board of directors of Industrial Development Bank of India (IDBI), at its meeting held on April 29, 2005, accepted the resignation of N S Sisodia as director of the bank.

According to a release issued by IDBI to the BSE today, the finance ministry has appointed Analjit Singh, chairman of Max India, as part-time, non-official director on the board of directors for three years w.e.f. May 2, 2005.

"The appointment has been made as per the provisions of Article 116(d) & 121(a) & (b)of the articles of association of the company, and vide notification by the finance ministry dated May 2, 2005," the release added.