 "(From left) Kishor Kharat, MD & CEO, IDBI Bank and B K Batra, Deputy MD, IDBI Bank at press conference to announce the lender's third quarter results in Mumbai (pic: Suryakant Niwate)")
The Government of India has notified the swapping of IDBI Bank Ltd Managing Director & Chief Executive Officer Kishor Piraji Kharat with Indian Bank Managing Director & Chief Executive Officer Mahesh Kumar Jain. The notification comes at a time when IDBI Bank, a pioneering instution in the financial sector, has been suffering due to increase in NPAs among other issues.
According to a regulatory filing by Indian Bank, the government, through a notification dated March 18, 2017, appointed the MD & CEO of IDBI Bank Limited, Kishor Piraji Kharat, as MD & CEO of Indian Bank, "for the remaining period of
