IDBI Bank announces that Life Insurance Corporation of India (LIC) has withdrawn its nomination of Shri R. Doraiswamy as Nominee Director on the Board of the Bank, effective September 24, 2025. This decision, communicated via letter from LIC, results in Shri R. Doraiswamy ceasing to be a Nominee Director with immediate effect. The bank has informed relevant authorities and updated its records accordingly.
Directorate Change at IDBI Bank
IDBI Bank has announced a change to its Board of Directors. Life Insurance Corporation of India (LIC) has withdrawn its nomination of Shri R. Doraiswamy as a Nominee Director.
Details of the Withdrawal
The withdrawal of nomination is effective September 24, 2025. With this withdrawal, Shri R. Doraiswamy will no longer serve as a Nominee Director on the Board of IDBI Bank.
Source: BSE
