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IDBI Bank accepts ED Sunit Sarkar’s exit on superannuation

IDBI Bank logoIDBI Bank
Sig2.20Sen+1.40Env0.00Soc+1.30Gov+1.40

Sunit Sarkar stepped down as an executive director of IDBI Bank after reaching superannuation age, and the bank notified BSE and NSE of the change. Fairfax Financial was identified as a prospective buyer, with a two-year condition tied to cross-holding rules because Fairfax also owns a stake in CSB Bank. The bank also plans a technology-led, AI-enabled platform to make investing more accessible.

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