MENU × BUSINESS
Banking And InsuranceCryptocurrencyDigital MarketingErpFood And BeveragesHealthcareLegalMarketing And AdvertisingMedia And EntertainmentMetals And MiningOil And GasRetailTelecom
TECHNOLOGY
Artificial IntelligenceBig DataCloudCyber SecurityE CommerceEducationGaming And VfxIT ServiceMobileNetworkingSAPScience And TechnologySecuritySoftwareStorage
PLATFORM
CiscoDatabaseGoogleIBMJuniperM2MMicrosoftOracleOracleRed Hat
LEADERSHIP
CEO ReviewCompany Review
MAGAZINE
ASIA INDIA
STARTUPS CLIENT SPEAK CONTACT US

The Silicon Review Asia

IDBI Bank is planning to renew the term of service for current MD Rakesh Sharma

IDBI Bank is planning to renew the term of service for current MD Rakesh Sharma

IDBI Bank informed on Sunday that it is planning to renew the term of service for the current MD Rakesh Sharma, for a further period of three years. He will be appointed again as the bank’s Managing Director and Chief Executive. The Bank has also appointed two new professional independent directors, one is a professor from Indian School of Business and other is aretired Executive Director, Reserve Bank of India.  They have been included in the Board of directors.

"The Bank has already started the process of appointing two new Deputy Managing Directors for the Bank, which will be through open competition from the market. The Chairman of LIC has been appointed as the non-executive Chairman of the Bank," IDBI Bank said in a statement. LIC has acquired a 51percentshare in IDBI Bank which has paved way for an insurance behemoth into the banking area.

The responsibilities of leading the company’s growth and coming up with innovative business strategies come on the shoulders of new Board members. It is anticipated that they will rebuild the corporate governance structure to be a leader in the banking space, providing best-in-class services. The Bank has started to review its policies including investment, risk management practices, credit etc.

The revival of business plans can lead to better opportunities for the employees of the banking firm.

YOU MAY ALSO LIKE

Marketing Partnership: NBA, McDonald’s Will Jointly open NBA Experience Zones India

There is good news for all basketball fans in India. Very soon, NBA themed promotions and experience zones will be launched in India. The announcement...

Dunzo to Raise Funds from Google, others

Dunzo, the app which is trying to make life easier for the people upto some extent plans to raise about Rs. 183 crore from different investors which a...

Sapta Shakti Command Will Be Displaying Defence Technology Equipment at Jaipur Military Station

This event is organised with an aim to provide an opportunity where one and all can experience the developments in the field of defence and security-r...

Samsung is All Set to Roll out Its Galaxy A9 Smartphone On November 20

After Samsung unveiled its new Galaxy A9 smartphone in Singapore last month, the company is all set to launch it in India on November 20. In Singapore...

RECOMMENDED