IDBI Bank Re-appoints Jayakumar S. Pillai as DMD

IDBI Bank Limited has approved the re-appointment of Shri Jayakumar S. Pillai as Deputy Managing Director (DMD) on its Board. The decision was taken by the Board of Directors on May 19, 2026. The appointment is for a tenure of one year, effective from June 12, 2026, following the necessary approval from the Reserve Bank of India (RBI).

Shri Jayakumar S. Pillai (DIN: 10041362) is not related to any other Director or Key Managerial Personnel (KMP) of the Bank. The company confirmed that he is not debarred from holding the office of director by any SEBI order or other regulatory authority.

Profile of Shri Jayakumar S. Pillai

Shri Pillai possesses over 33 years of experience in the commercial banking sector. Prior to his current role, he served as the Chief General Manager of Canara Bank. He joined idbi bank in June 2023.

His extensive career includes leading branches across diverse regions and serving twice as a Circle Head. He also headed Canara Bank's operations in the United Kingdom, gaining significant international exposure.

Current Responsibilities

Shri Pillai currently leads the corporate business vertical of the Bank. In addition to this, he oversees several critical functions within the organization:

Department
Legal Department
Human Resource (HRD)
Information Technology & Digital Banking Department
Finance & Accounts Department
Corporate Strategy & Planning Department (CSPD)
Administration & FIMD

Furthermore, he holds administrative oversight of the Compliance and Risk Department. Shri Jayakumar S. Pillai also serves as the Chairman of the Board of IDBI Trusteeship Services Ltd.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+4.90%	+4.58%	+0.87%	-20.48%	-25.61%	+89.85%

IDBI Bank Limited has approved the issuance of Long Term Rupee denominated Bonds worth up to Rs. 10,000 crore. The decision was taken by the Board of Directors during its meeting held on Saturday, May 16, 2026. The funds raised through this issuance will be utilized for financing infrastructure and affordable housing.

Bond Issuance Details

The bonds will be issued through the private placement route in the domestic market. The issuance will be conducted in tranches, with the entire process scheduled to be completed by March 31, 2027. This strategic financial move aims to support the bank's lending activities in key sectors.

Parameter	Details
Meeting Date	Saturday, May 16, 2026
Bond Type	Long Term Rupee Denominated Bonds
Purpose	Financing of Infrastructure and Affordable Housing
Approved Amount	Up to Rs. 10,000 crore
Issuance Mode	Private Placement Route (Domestic Market)
Issuance Timeline	In tranche/s up to March 31, 2027

Regulatory Compliance

The intimation regarding the outcome of the board meeting was submitted to the stock exchanges in compliance with Regulations 30 and 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The communication was formally signed by the Company Secretary on behalf of IDBI Bank Ltd.