IDBI Bank Approves Re-appointment of Jayakumar S. Pillai as Deputy Managing Director

IDBI Bank Approves Re-appointment of Jayakumar S. Pillai as Deputy Managing Director​

IDBI Bank Limited announced on May 19, 2026, that its Board of Directors approved the re-appointment of Shri Jayakumar S. Pillai as Deputy Managing Director (DMD) on the Bank's Board. The appointment will remain in place for a period of one year, effective from June 12, 2026, pending necessary approvals from the Reserve Bank of India.

Shri Jayakumar S. Pillai is not related to any other Director or Key Managerial Personnel (KMP) of the Bank.

Professional Experience and Role​

Mr. Pillai brings over 33 years of extensive experience in the commercial banking sector. Prior to joining IDBI Bank in June 2023, he served as the Chief General Manager of Canara Bank. His diverse banking career includes leading branches across various regions, serving twice as a Circle Head, and gaining significant international exposure while heading Canara Bank's UK operations.

Currently, Shri Jayakumar S. Pillai plays a central role in guiding several critical functions within the Bank. He leads the corporate business vertical, alongside departments such as the Legal Department, Human Resource (HRD), Information Technology & Digital Banking Department, Finance & Accounts Department, Corporate Strategy & Planning Department (CSPD), and Administration & FIMD. Additionally, he maintains administrative oversight for the Compliance and Risk Department. He also serves as the Chairman of the Board of IDBI Trusteeship Services Ltd.

The Bank noted that Mr. Pillai is not debarred from holding the office of director by virtue of any SEBI order or other authority.

IDBI Stock Price Movement​

On Tuesday, IDBI Bank Limited shares gained 5.64% to close at ₹73.56, marking a strong session for the bank. The stock saw robust activity, supported by a total traded volume of 17.53 million shares.