IDBI Bank Opens Special Window for Physical Share Transfer and Dematerialisation

2 min read     Updated on 01 May 2026, 08:22 AM
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IDBI Bank has officially notified shareholders about opening a special window for transfer and dematerialisation of physical securities from February 5, 2026 to February 4, 2027, covering shares sold/purchased before April 1, 2019. The bank also announced participation in IEPF's 'Saksham Niveshak' campaign from April 1 to July 9, 2026, encouraging shareholders to claim unclaimed dividends and update KYC details through proper documentation processes.

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IDBI Bank has officially notified shareholders through a formal communication dated April 30, 2026, regarding the opening of a special window for transfer and dematerialisation of physical securities. The notification, issued pursuant to SEBI Circular No. HO/38/13/11(2)2026-MIRSD-POD/I/3750/2026 dated January 30, 2026, confirms the special window availability for one year from February 5, 2026 to February 4, 2027.

Special Window Eligibility and Process

The facility covers physical shares sold or purchased prior to April 1, 2019, and transfer requests previously submitted but rejected, returned, or unattended due to document deficiencies. The bank has provided a comprehensive eligibility matrix for shareholders:

Execution Date of Transfer Deed: Lodged Before April 1, 2019: Original Certificate Available: Eligible for Current Window:
Before April 1, 2019 No (fresh lodgement) Yes
Before April 1, 2019 Yes (rejected/returned earlier) Yes
Before April 1, 2019 Yes No
Before April 1, 2019 No No

All requests must include original share certificates with transfer deeds and supporting documents. The bank will not consider cases involving disputes between transferor and transferee, or securities already transferred to IEPF. Shares processed during this period will be issued in dematerialised form only and subject to a one-year lock-in period.

Document Submission Requirements

Eligible shareholders must dispatch documents to the bank's Registrar and Transfer Agent, KFin Technologies Ltd., Unit: IDBI Bank Ltd, located at Selenium Tower B, Plot 31-32, Gachibowli, Financial District, Nanakramguda, Serilingampally, Hyderabad – 500 032. Contact details include toll-free number 1800-309-4001 and email einward.ris@kfintech.com . Shareholders must simultaneously inform the bank via email at idbiequity@idbi.co.in after dispatching documents.

IEPF 'Saksham Niveshak' Campaign Initiative

The Investor Education and Protection Fund Authority (IEPFA), Ministry of Corporate Affairs, has re-launched the Second 100 Days Campaign titled 'Saksham Niveshak' from April 1, 2026 to July 9, 2026. This initiative encourages investors to update records and claim entitlements including unclaimed dividends and shares transferred to IEPFA.

Share Type: Required Action:
Physical Form Submit ISR-1, ISR-2, ISR-3 or SH-13 forms with self-attested copies of PAN, Aadhaar, address proof and original cancelled cheque
Demat Form Contact respective Depository Participants to update KYC details

Documents can be submitted as hard copies to the RTA or scanned copies through registered email at einward.ris@kfintech.com . Complete procedures and forms are available on the bank's website at https://www.idbi.bank.in/idbi-bank-investor.aspx and RTA website at https://ris.kfintech.com .

Official Communication Details

The bank issued the notification under Regulation 30 of SEBI (LODR) Regulations, 2015, with Company Secretary Jyothi Biju Nair (Membership No: A20554) signing the official communication from Mumbai on April 29, 2026. The notice was published in Financial Express (English) and Loksatta (Marathi) newspapers on April 30, 2026, ensuring wide dissemination to shareholders.

Shareholders requiring assistance or having queries may contact the bank at idbiequity@idbi.co.in during the campaign period for further guidance on claiming unclaimed dividends and updating necessary documentation.

Historical Stock Returns for IDBI Bank

1 Day5 Days1 Month6 Months1 Year5 Years
-0.34%+1.75%-2.77%-27.52%-23.14%+87.24%

Will IDBI Bank extend the special window beyond February 2027 if there's significant shareholder demand or processing delays?

How might the one-year lock-in period for dematerialized shares impact IDBI Bank's stock liquidity and trading volumes?

Could other public sector banks follow IDBI's approach and launch similar special windows for physical share transfers?

IDBI Bank Appoints Abhijit Chakravorty and Ketan Vikamsey as Independent Directors

2 min read     Updated on 01 May 2026, 08:12 AM
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IDBI Bank has appointed two seasoned professionals as Additional Independent Directors - Abhijit Chakravorty, former Deputy Managing Director of SBI with over three decades of banking experience, and Ketan Vikamsey, Senior Partner at KKC & Associates LLP with extensive auditing and financial expertise. Both appointments are for two-year terms and require shareholder approval.

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IDBI Bank Limited has strengthened its Board of Directors with the appointment of two distinguished professionals as Additional Independent Directors. The bank's Board approved these strategic appointments during their meeting held on April 30, 2026, bringing extensive banking and financial expertise to the institution's governance structure.

Board Appointments and Timeline

The appointments reflect IDBI Bank's commitment to enhancing its leadership with industry veterans who bring complementary skills and experience.

Director Details: Information
Abhijit Chakravorty (DIN: 09494533): Effective May 19, 2026
Ketan Vikamsey (DIN: 00282877): Effective June 26, 2026
Term Duration: Two years from respective appointment dates
Approval Status: Subject to shareholder approval
Category: Additional Directors (Independent)

Abhijit Chakravorty's Professional Background

Shri Abhijit Chakravorty brings over three decades of comprehensive banking experience to IDBI Bank's Board. A postgraduate in Applied Chemistry and Certified Associate of the Indian Institute of Bankers (CAIIB), Chakravorty retired as Deputy Managing Director from State Bank of India. His most recent role was as MD&CEO of SBI Cards & Payment Systems Ltd, the publicly listed credit card subsidiary of SBI.

Chakravorty's extensive experience spans multiple banking verticals including:

  • Corporate Credit: Eleven years in high-value corporate credit involving infrastructure, power, steel, and edible oil sectors
  • International Operations: Led SBI operations in Bangladesh as CEO and Country Head, and served at SBI's Hong Kong branch
  • Technology Leadership: Managed SBI Global IT Centre operations as Chief General Manager for four years
  • Diverse Banking Exposure: Handled assignments across retail, international banking, and IT verticals

Currently, he serves as an Independent Director at BOBCard Ltd, demonstrating his continued engagement with the financial services sector.

Ketan Vikamsey's Professional Expertise

Shri Ketan Vikamsey has been a Senior Partner of KKC & Associates LLP (formerly Khimji Kunverji & Co LLP) since 1990. As a Chartered Accountant with advanced professional qualifications, he brings specialized expertise in auditing, financial regulations, and corporate governance.

Professional Qualifications: Details
Core Qualification: Chartered Accountant
Specialized Certifications: IFRS, DISA, Derivatives, Internal Audit
Technology Focus: IT and Cyber Security for Board Members
AI Expertise: AICA Level-1 AI Course
Current SBI Role: Independent Director (term ends June 25, 2026)

Vikamsey heads his firm's Assurance Practice with extensive experience in auditing large corporates, banks, and financial institutions including mutual funds, NBFCs, and asset reconstruction companies. His professional contributions include:

  • Leadership roles in professional organizations including Chairman of HLB India Federation
  • Active participation in ICAI committees and expert study groups
  • Regular speaker at professional forums of ICAI, BCAS, RBI, and CAG
  • Board positions across multiple organizations including Metropolitan Stock Exchange of India Limited

Governance and Compliance

IDBI Bank has confirmed that both appointees meet all regulatory requirements for independent directors. Neither Chakravorty nor Vikamsey are related to existing Board members or Key Managerial Personnel of the bank. The bank has also verified that both individuals are not debarred from holding director positions by SEBI or any other regulatory authority.

The appointments have been communicated to stock exchanges in compliance with Regulations 30 and 51 of SEBI (LODR) Regulations, 2015, ensuring full transparency and regulatory adherence. The formal notification was signed by Company Secretary Jyothi Biju Nair and submitted to BSE Ltd. and National Stock Exchange of India Ltd.

Historical Stock Returns for IDBI Bank

1 Day5 Days1 Month6 Months1 Year5 Years
-0.34%+1.75%-2.77%-27.52%-23.14%+87.24%

How might these strategic board appointments influence IDBI Bank's future digital transformation and technology initiatives given Chakravorty's IT leadership background?

What impact could Vikamsey's expertise in AI and cybersecurity have on IDBI Bank's risk management and regulatory compliance strategies?

Will IDBI Bank leverage Chakravorty's international banking experience to expand its global operations or enhance cross-border services?

More News on IDBI Bank

1 Year Returns:-23.14%