IDBI Bank informed the stock exchanges that its board has approved the re-appointment of Rakesh Sharma as Managing Director and Chief Executive Officer of the company for a period of three years with effect from 19 March. Rakesh Sharma then moved from the position of Chief General Manager in SBI to Lakshmi Vilas Bank Ltd. as MD & CEO and served there from March 2014 till September 2015.
Sharma has been appointed for a period of three years with effect from March 19, 2022. He was previously appointed as the MD & CEO of the bank in October 2018.