Shri Rakesh Sharma re-appointed as MD & CEO of IDBI Bank

IDBI Bank has re-appointed Shri Rakesh Sharma as MD and CEO of the Bank. According to the exchange filing made, this is to inform you that the Board of Directors of IDBI Bank Ltd. on January 23, 2025, approved the re-appointment of Shri Rakesh Sharma (DIN: 06846594) as Managing Director and Chief Executive Officer (MD & CEO) on the Board of the Bank for three years with effect from March 19, 2025 as per RBI's approval received in this regard.

Shri Rakesh Sharma Shri Rakesh Sharma is a seasoned banker with a total stint of over 40 years in various Banks.

He started his banking career in the State Bank of India (SBI) and held various responsibilities in SBI including credit assignments in specialized branches and administrative offices of SBI, working at the Tokyo Branch of SBI for 4 years, banking operations in the International banking group at Corporate Center of SBI, Head of HR in Delhi circle, retail operations in the state of Rajasthan, Uttarakhand and Western UP, Head of Mid Corporate group in Undivided Andhra Pradesh and then CGM of Patna Circle comprising operations in Bihar and Jharkhand states.

Join PSU Connect on WhatsApp now for quick updates! Click here

Read Also : EPFO announces to simplify updation process for personal profile, here to know steps

He then moved from the position of Chief General Manager in SBI to Lakshmi Vilas Bank Ltd. as MD & CEO and served there from March 07, 2014 till September 09, 2015. He joined Canara Bank as MD & CEO on September 11, 2015, and retired from Canara Bank as MD & CEO after serving for 3 years till July 31, 2018.

While in Canara Bank he also held the position of Chairman in the group companies of Canara Bank. He then joined IDBI Bank as MD & CEO w.e.f. October 10, 2018 and continues to be the MD & CEO. He has expertise in Accountancy, Agriculture & Rural Economy, Banking, Economics, Small Scale Industry, HR, Business Management, Administration and Corporate Governance.

He is currently holding the position of President of the Governing Body of the Entrepreneurship Development Institute of India (EDil); a member of the Managing Committee of the Indian Bank's Association (IBA) and Non-Executive Director & Chairman of IDBI Capital Markets & Securities Ltd and IDBI Intech Limited.

Read Also : Government decides to cancel auction of Nayakkarpatti Tungsten Mineral Block