In compliance of Regulation 30 read with Para A of Schedule III and Regulation 46(2) of the SEBI (LODR) Regulations, 2015, we advise that a conference call with Analysts for Financial Results for Q3 for FY 2020-21 is proposed to be held at 5 p.m. on January 28, 2021. You are requested to kindly take the above intimation on record in terms of the aforesaid provisions of SEBI (LODR) Regulations, 2015.
IDBI BANK LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 28/01/2021 ,inter alia, to consider and approve the Un-audited Financial Results of the Bank for the quarter and nine months ended December 31, 2020 subject to a Limited Review by the Statutory Auditors. Kindly acknowledge receipt and take the above on record.
Changes on the Board of Directors This is to inform that the Board of Directors of IDBI Bank Ltd. has approved the appointment of Ms. P.V. Bharathi as an Additional Director against the vacancy of a Woman Independent Director on the Board, with effect from January 14, 2021.
In terms of Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018, based on the certificates received from KFin Technologies Pvt. Ltd. (RTA) which is enclosed herewith, we hereby confirm that the details of securities dematerialized/ rematerialized during the quarter ended December 31, 2020, have been furnished to all the stock exchanges where the shares of the Bank are listed. You are requested to take the above on record and acknowledge
IDBI BANK LTD. - 500116 - Statement Of Investor Complaints For The Quarter Ended December 2020
No.of Investor complaints pending at the beginning of the quarter No.of Investor complaints received during the quarter No.of Investor complaints disposed of during the quarter No.of Investor complaints unresolved at the end of the quarter 3144414470 Name of the Signatory :- Pawan AgrawalDesignation :- Company Secretary and Compliance Officer
This is in continuation to the information provided by IDBI Bank Limited on August 6, 2020 wherein Bank had informed having entered into a Share Purchase Agreement (SPA) to sell 27% of its stake in its joint venture arm IDBI Federal Life Insurance Company Limited (IFLI) to other JV partners viz. 23% to Ageas Insurance International NV (Ageas) and 4% to The Federal Bank Limited (Federal Bank). In this connection, we hereby advise that IDBI Bank has completed sale transaction of its 23% stake to Ageas Insurance International JV on December 31, 2020 pursuant to receipt of the requisite regulatory approvals. Pursuant to sale of 23% holding representing 18,40,00,000 shares to Ageas for a consideration of Rs.507.10 crore, IDBI Bank''s shareholding in IFLI now stands at 25% from the earlier 48%. Following this transaction, the joint venture has been rebranded as Ageas Federal Life Insurance Company Limited.