IDBI Bank has announced the retirement of Shri Sunit Sarkar, Executive Director, effective from August 31, 2026. This change in senior management personnel is due to Mr. Sarkar attaining the age of superannuation. The bank has formally notified the stock exchanges as per regulatory requirements.
Senior Management Transition at IDBI Bank
IDBI Bank has formally informed the stock exchanges about a significant change in its senior management team. Shri Sunit Sarkar, who held the position of Executive Director (Senior Management Position), will be retiring from the bank. His cessation from the role of Senior Management Personnel is effective from the end of business hours on August 31, 2026.
This transition occurs as Mr. Sarkar attains the age of superannuation, a standard procedure within the organization. The bank has requested that this intimation be taken on record by the relevant authorities, adhering to the mandated disclosure norms.
Source: BSE
