Board of IDBI Bank to consider scheme for setting off accumulated losses

On 12 February 2021

The Board of IDBI Bank at its meeting held on 12 February 2021 will consider the proposal for setting off the Accumulated Losses of the Bank as on 01 April 2021 in full or to such an extent as may be possible by utilizing the balance standing to the credit of Securities Premium Account of the Bank as on the said date through a Scheme prepared under Sections 66, 52 and other applicable provisions of the Companies Act, 2013 read with the relevant National Company Law Tribunal Rule.

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