IDBI Bank Designates Directors as Independent Members After Annual General Meeting
IDBI Bank Limited announced significant changes in the designation of its Board of Directors following a Special Resolution passed at its Annual General Meeting held on July 21, 2026. The meeting resulted in two individuals previously serving as Additional Directors being appointed with enhanced designations.The bank moved to change the status of these directors, making them Independent Directors who are not liable to retire by rotation. These appointments were formalized following the resolution passed at the AGM.
IDBI Bank Limited confirmed that Shri Abhijit Chakravorty and Shri Ketan Vikamsey have been designated as Independent Directors. The changes pertain to their roles formerly held as Additional Directors.
Details regarding the designation change are presented below:
| Director Name | Previous Role | New Designation | Term Duration | Commencement Date |
|---|---|---|---|---|
| Shri Abhijit Chakravorty | Additional Director | Independent Director not liable to retire by rotation | 2 years | May 19, 2026 |
| Shri Ketan Vikamsey | Additional Director | Independent Director not liable to retire by rotation | 2 years | June 26, 2026 |
Prior to this designation change, the brief profiles of both Shri Abhijit Chakravorty and Shri Ketan Vikamsey were submitted on April 30, 2026, during their initial appointment as Additional Directors.
IDBI Stock Price Movement
IDBI Bank Limited shares slipped today by 0.73% to settle at ₹85.93 after trading closed. The stock saw a notable day, completing the session with a volume of 6.39 million shares traded.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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