LIC withdraws nominee director from IDBI Bank board

IDBI Bank Ltd. has informed stock exchanges that Life Insurance Corporation of India (LIC) has withdrawn the nomination of R. Doraiswamy as a nominee director on the bank's board. This change is effective immediately, as per a letter from LIC dated September 24, 2025. Consequently, R. Doraiswamy ceased to be a nominee director on the IDBI Bank board as of September 24, 2025.

The announcement was made by Jyothi Biju Nair, company secretary of IDBI Bank, and was digitally signed on September 24, 2025. The bank has requested both BSE Ltd. and the National Stock Exchange of India Ltd. to take this intimation on record, in accordance with SEBI (LODR) Regulations, 2015.