IDBI Bank Announces Special Window for Physical Securities Transfer and IEPF Campaign

2 min read     Updated on 30 Apr 2026, 05:24 PM
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IDBI Bank Limited has notified shareholders about the opening of a special window for transfer and dematerialisation of physical securities, effective from February 5, 2026 to February 4, 2027. The facility covers physical shares sold or purchased prior to April 1, 2019, and includes previously rejected transfer requests. Additionally, the bank has announced its participation in the IEPF Second 100 Days Campaign titled 'Saksham Niveshak' running from April 1, 2026 to July 9, 2026, encouraging shareholders to update records and claim unclaimed dividends and shares.

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idbi bank has notified shareholders regarding the opening of a special window for transfer and dematerialisation of physical securities, pursuant to SEBI Circular No. HO/38/13/11(2)2026-MIRSD-POD/I/3750/2026 dated January 30, 2026. The special window is available for a period of one year from February 5, 2026 to February 4, 2027.

Special Window Eligibility Criteria

The facility is available for transfer and demat of physical shares which were sold or purchased prior to April 1, 2019. Additionally, it covers transfer requests that were submitted earlier and were rejected, returned, or not attended due to deficiencies in documents or process. The following matrix outlines the eligibility:

Execution date of transfer deed Lodged for transfer before April 1, 2019 Original Security Certificate Available? Eligible to lodge in current window?
Before April 1, 2019 No (fresh lodgement) Yes
Yes (rejected/returned earlier) Yes
Yes No
No No

Requests must be accompanied by original share certificates along with transfer deeds and supporting documents. Cases involving disputes between transferor and transferee, and securities already transferred to IEPF will not be considered. All shares re-lodged during this period will be processed through transfer-cum-demat mode and subject to a one-year lock-in period.

Submission Process

Eligible shareholders are required to dispatch documents to the Bank's Registrar and Transfer Agent (RTA): KFin Technologies Ltd., Unit: IDBI Bank Ltd, Selenium Tower B, Plot 31-32, Gachibowli, Financial District, Nanakramguda, Serilingampally, Hyderabad – 500 032. The RTA can be contacted via toll-free number 1800-309-4001 or email at einward.ris@kfintech.com . After dispatching documents, shareholders must simultaneously inform the Bank via email at idbiequity@idbi.co.in .

IEPF 'Saksham Niveshak' Campaign

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

For shares held in physical form, shareholders must submit Investor Service Request Forms (ISR-1, ISR-2, ISR-3 or SH-13) supported by self-attested copies of PAN, Aadhaar, latest address proof and original cancelled cheque leaf. These can be submitted as hard copies to the RTA or as scanned copies through registered email at einward.ris@kfintech.com . For shares in demat form, shareholders should contact their respective Depository Participants to update KYC details.

Procedures and forms are available on the Bank's website at https://www.idbi.bank.in/idbi-bank-investor.aspx and the RTA website at https://ris.kfintech.com . Shareholders with queries may contact the Bank via email at idbiequity@idbi.co.in during the campaign period.

Historical Stock Returns for IDBI Bank

1 Day5 Days1 Month6 Months1 Year5 Years
-1.13%+1.85%+18.54%-25.54%-8.66%+114.35%

Will SEBI extend similar special windows for physical securities transfer to other banks and financial institutions beyond February 2027?

How might the one-year lock-in period for dematerialized shares impact IDBI Bank's trading volumes and liquidity in 2027?

Could the success of the 'Saksham Niveshak' campaign influence IEPFA to implement permanent digital infrastructure for unclaimed asset recovery?

IDBI Bank Appoints Abhijit Chakravorty and Ketan Vikamsey as Independent Directors

2 min read     Updated on 30 Apr 2026, 03:49 PM
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IDBI Bank Limited appointed Abhijit Chakravorty and Ketan Vikamsey as Additional Independent Directors effective May 19, 2026 and June 26, 2026 respectively. Chakravorty, former Deputy Managing Director of SBI with over 30 years banking experience, and Vikamsey, Senior Partner at KKC & Associates LLP and current SBI Independent Director, will serve two-year terms subject to 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.

Historical Stock Returns for IDBI Bank

1 Day5 Days1 Month6 Months1 Year5 Years
-1.13%+1.85%+18.54%-25.54%-8.66%+114.35%

How might the combined expertise in digital banking and fintech from both directors influence IDBI Bank's technology transformation strategy?

What impact could these strategic board appointments have on IDBI Bank's potential privatization timeline and valuation?

Will IDBI Bank leverage Chakravorty's international banking experience to expand its overseas operations or correspondent banking relationships?

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1 Year Returns:-8.66%