IDBI Bank has announced the approval for the incorporation of a CSR Foundation as a Wholly Owned Subsidiary. The decision was made during a Board of Directors meeting held on January 17, 2026. The new entity will operate as a Section 8 company under the Companies Act, 2013. Further details regarding the CSR Foundation will be disclosed in due course.
CSR Foundation Incorporation Approved
The Board of Directors of IDBI Bank has approved the proposal to incorporate a CSR Foundation as a Wholly Owned Subsidiary. This decision was made during their meeting on January 17, 2026.
Foundation Details
The CSR Foundation will be structured as a Section 8 company, operating under the guidelines of the Companies Act, 2013. Further information, as required under SEBI’s Master Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, will be disclosed in due course. This will occur after the incorporation process with the Ministry of Corporate Affairs (MCA) is complete.
Source: BSE
