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Hemant Bhargava ceases to be Non Executive Chairman of IDBI Bank

Press Trust of India  |  New Delhi 

Friday said Hemant has ceased to be its Non Executive as he no longer heads the parent company

"This is to inform that Hemant has ceased to be Non Executive of consequent to his ceasing to be Chairman-in-charge of with effect from March 14, 2019," said in a regulatory filing.

The on March 13 appointed M R Kumar as the of the (LIC) for a period of five years. Kumar took charge Thursday.

IDBI Bank is now a following acquisition of majority stake by

Stock of IDBI Bank was trading 0.81 per cent down at Rs 42.75 on BSE.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, March 15 2019. 15:40 IST
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