Rakesh Sharma Reappointed as MD & CEO of IDBI Bank for Three-Year Term
| Aspect | Details |
|---|---|
| Reappointment | Rakesh Sharma reappointed as MD & CEO for 3 years, effective March 19, 2025. |
| Leadership Background | Sharma has been MD & CEO since October 2018; previously led Canara Bank. |
| Salary Hike | Proposed ₹20 lakh/month salary increase in 2022, approved by shareholders. |
| Bank's Performance | Exited RBI's PCA framework in March 2021 under Sharma's leadership. |
| Ownership | LIC holds a significant stake in IDBI Bank. |
| Founded | July 1, 1964, by the Government of India. |
| Headquarters | Mumbai, Maharashtra, India. |
| Bank Type | Converted from a development financial institution to a commercial bank in 2004. |
| Branches | Over 1,800 branches and 3,000+ ATMs across India. |