Government withdraws nominee director from IDBI Bank board

IDBI Bank Ltd. has officially announced the withdrawal of Sushil Kumar Singh's nomination as a nominee director on its board. The change is effective immediately, following a letter from the Government of India dated September 18, 2025. Consequently, Sushil Kumar Singh ceases to be a nominee director on the bank's board as of September 18, 2025.

The bank has communicated this development to both the BSE Ltd. and the National Stock Exchange of India Ltd., ensuring compliance with regulatory requirements. This intimation is made in accordance with the provisions of Regulations 30 & 51 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The announcement was signed by Jyothi Biju Nair, company secretary, on September 18, 2025. This move signifies an immediate alteration in the governance structure of IDBI Bank.