IDBI Bank to hold 22nd AGM on July 21, 2026

1 min read     Updated on 26 Jun 2026, 02:22 AM
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AI Summary

IDBI Bank Ltd has announced its 22nd Annual General Meeting for July 21, 2026, to be held via VC/OAVM. The meeting will adopt audited financial statements for the year ended March 31, 2026, and consider the re-appointment of Shri Sumit Phakka as Deputy Managing Director and the appointment of Shri Abhijit Chakravorty and Shri Ketan Shivji Vikamsey as Independent Directors. The Register of Members will be closed from July 15 to July 21, 2026, with the cut-off date for voting rights fixed as July 14, 2026. Remote e-voting will be open from July 17 to July 20, 2026.

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IDBI Bank Ltd will conduct its 22nd Annual General Meeting (AGM) on Tuesday, July 21, 2026, at 11:00 a.m. exclusively through Video Conferencing (VC) and Other Audio Visual Means (OAVM). The meeting will consider the adoption of audited financial statements for the year ended March 31, 2026, and the re-appointment of directors.

The Register of Members and Share Transfer Books will remain closed from Wednesday, July 15, 2026, to Tuesday, July 21, 2026. Shareholders whose names appear in the books as on the cut-off date of Tuesday, July 14, 2026, are eligible to exercise their voting rights. Remote e-voting will be available from Friday, July 17, 2026, at 9:00 a.m. IST to Monday, July 20, 2026, at 5:00 p.m. IST.

Key Dates for 22nd AGM

Event Date
Book Closure Start Date July 15, 2026
Book Closure End Date July 21, 2026
Cut-off Date for Voting Rights July 14, 2026
AGM Date July 21, 2026
E-voting Start Date July 17, 2026
E-voting End Date July 20, 2026

The agenda includes the re-appointment of Shri Sumit Phakka as Deputy Managing Director and the appointment of Shri Abhijit Chakravorty and Shri Ketan Shivji Vikamsey as Independent Directors. Additionally, the Board seeks approval for related party transactions with LIC Mutual Fund.

Historical Stock Returns for IDBI Bank

1 Day5 Days1 Month6 Months1 Year5 Years
-0.60%-4.38%+18.93%-14.38%-5.76%+122.68%

What strategic value will the proposed related party transactions with LIC Mutual Fund bring to IDBI Bank?

How might the re-appointment of the Deputy Managing Director influence the bank's growth trajectory over the next term?

What impact could the new Independent Directors have on the bank's governance and risk management frameworks?

IDBI Bank improves ESG score to 55 in S&P Global CSA 2025

2 min read     Updated on 25 Jun 2026, 07:43 PM
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Ashish TScanX News Team
AI Summary

IDBI Bank’s ESG score improved to 55 in S&P Global’s CSA 2025 from 42 in CSA 2024. The Bank’s statutory auditors conducted an independent reasonable assurance of the BRSR Core disclosures for FY 2025-26. The Bank completed a comprehensive Stakeholder Engagement & Materiality Assessment (SEMA) to identify and prioritise ESG topics. Total Scope 1 and Scope 2 emissions were 60,683.78 tCO2e in FY 2025-26.

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IDBI Bank’s ESG score improved to 55 in S&P Global’s Corporate Sustainability Assessment (CSA) 2025 from 42 in CSA 2024, reflecting its commitment to ESG initiatives. The Bank’s statutory auditors, Chokshi & Chokshi LLP and Suri & Co., conducted an independent reasonable assurance of the BRSR Core disclosures for FY 2025-26. The Bank completed a comprehensive Stakeholder Engagement & Materiality Assessment (SEMA) to identify and prioritise ESG topics based on their actual and potential impacts on the economy, the environment and the society.

ESG Performance and Governance

The Bank recorded an improvement in its ESG performance, with scores under the Environmental, Social and Governance parameters improving to 17, 62 and 63, respectively, in CSA 2025, from 10, 51 and 47, respectively, in CSA 2024. Governance remains central to the Bank’s sustainability approach, with ESG-related matters monitored and periodically reviewed by dedicated Board-level and senior management-level committees. The Board-level CSR & ESG Committee plays a central role in shaping and overseeing the Bank’s ESG strategy.

Financial and Operational Metrics

The Bank’s paid-up capital stood at ₹ 1,07,52,40,21,750. As on March 31, 2026, the Bank had a network of 2,243 banking outlets and 283 offices, totalling 2,526 locations nationally. The Bank serves a broad and diversified customer base comprising individuals, institutional entities, agrarian communities, medium, micro and small businesses, large corporates as well as socio-economically underprivileged sections of the society.

Employee Statistics

As on March 31, 2026, the Bank had 20,123 employees and 570 workers. The turnover rate for permanent employees was 4.82% in FY 2025-26, compared to 5.63% in FY 2024-25. The Bank spent 0.32% of its total revenue on well-being measures for employees and workers in FY 2025-26.

Category FY 2025-26 FY 2024-25
Total Employees 20,123 19,087
Total Workers 570 644
Permanent Employees 18,538 17,087
Other than Permanent Employees 1,585 2,000

Environmental Impact

The Bank’s total Scope 1 and Scope 2 emissions for FY 2025-26 were 60,683.78 tCO2e. The total energy consumed from non-renewable sources was 3,12,327.06 GJ. The total volume of water consumption was 5,40,151.13 KL. The total waste generated was 600.36 MT. The Bank commissioned solar power plants with a capacity of 40 kWp at its Head Office in Mumbai and 20 kWp at the Kolhapur Regional Office.

Parameter Unit FY 2025-26 FY 2024-25
Total Scope 1 and Scope 2 emissions tCO2e 60,683.78 60,124.01
Total energy consumed (non-renewable) GJ 3,12,327.06 3,10,573.94
Total water consumption KL 5,40,151.13 3,33,091.94
Total waste generated MT 600.36 408.71

Stakeholder Grievances

The Bank received 66,538 customer complaints in FY 2025-26, with 795 pending resolution at the end of the year. Shareholder grievances filed during the year stood at 2,468, with one pending resolution. The Bank received 137 complaints under the Central Vigilance Commission (CVC) mechanism and the Whistle Blower Solution (WBS), with 28 pending resolution.

Historical Stock Returns for IDBI Bank

1 Day5 Days1 Month6 Months1 Year5 Years
-0.60%-4.38%+18.93%-14.38%-5.76%+122.68%

What specific targets has IDBI Bank set to further reduce its Scope 1 and Scope 2 emissions given the marginal year-over-year increase?

How does the bank plan to address the significant rise in water consumption and waste generation in the upcoming fiscal year?

Will the bank expand its renewable energy capacity beyond the recent solar installations to offset its high non-renewable energy consumption?

More News on IDBI Bank

1 Year Returns:-5.76%