<p>New Delhi: IDBI Bank on Monday said LIC Nominee Director Raj Kumar has ceased to hold the board seat with effect from May 18.</p>.<p>"Raj Kumar has ceased to be LIC Nominee Director on the Board of IDBI Bank Limited with effect from May 18, 2025 on completion of his term," IDBI Bank said in a regulatory filing.</p>.Canara Bank deploys employees to garner deposits, mobilises Rs 16k cr in 10 weeks.<p>The government and Life Insurance Corporation (LIC) are promoters of IDBI Bank, holding 94.71 per cent. While LIC holds little over 49 per cent, the government's holding is 45.48 per cent.</p>.<p>Shares of IDBI Bank were trading at Rs 90.30 apiece, up 4.99 per cent over previous close on the BSE. </p>
<p>New Delhi: IDBI Bank on Monday said LIC Nominee Director Raj Kumar has ceased to hold the board seat with effect from May 18.</p>.<p>"Raj Kumar has ceased to be LIC Nominee Director on the Board of IDBI Bank Limited with effect from May 18, 2025 on completion of his term," IDBI Bank said in a regulatory filing.</p>.Canara Bank deploys employees to garner deposits, mobilises Rs 16k cr in 10 weeks.<p>The government and Life Insurance Corporation (LIC) are promoters of IDBI Bank, holding 94.71 per cent. While LIC holds little over 49 per cent, the government's holding is 45.48 per cent.</p>.<p>Shares of IDBI Bank were trading at Rs 90.30 apiece, up 4.99 per cent over previous close on the BSE. </p>