LIC Nominee Director Raj Kumar ceases to be on IDBI Bank board

Raj Kumar, the LIC Nominee Director, completed his term at IDBI Bank. He ceased to be a board member on May 18, 2025. The government and Life Insurance Corporation are the major promoters. They hold a combined 94.71 per cent stake in IDBI Bank. LIC possesses over 49 per cent, while the government holds 45.48 per cent.