IDBI Bank (ISIN: INE008A01015) announced the passing of Shri T. N. Manoharan, Independent Director and Part-time Chairman, on July 30, 2025. The bank's Board of Directors and employees have expressed their profound grief and extended heartfelt condolences to his family.

A Brief Tenure of Visionary Leadership

Shri T. N. Manoharan had been associated with IDBI Bank since February 24, 2022. During his tenure, the bank benefited significantly from his vision and varied experience. The bank acknowledged the valuable contributions made by Manoharan during his time as Part-time Chairman.

Official Intimation

In compliance with Regulations 30 & 51 of SEBI (LODR) Regulations, 2015, IDBI Bank has officially informed the stock exchanges about this unfortunate event. The intimation was signed by the Company Secretary, Jyothi Biju Nair.

Recent ESG Ratings

While the bank mourns the loss of its Chairman, it's worth noting that IDBI Bank has recently received Environmental, Social, and Governance (ESG) ratings from two different agencies:

1. Crisil ESG Ratings & Analytics Ltd., a SEBI-registered 'Category I' ESG Rating Provider, assigned a rating of 'Crisil ESG 63 (Strong)' and a Core ESG rating of 'Crisil Core ESG 64' to the bank for the financial year ended March 31, 2025.

2. SES ESG Research Pvt Ltd., a subsidiary of SES and a SEBI-registered 'Category II' ESG Rating Provider, assigned a rating of 73.10 to the bank for the same financial year.

These ratings were based on independent research and publicly available information, without any engagement or input from the bank.

As IDBI Bank navigates this period of transition, the focus will likely be on ensuring continuity in leadership and maintaining the strategic direction set during Shri T. N. Manoharan's tenure.

IDBI Bank , a prominent player in the Indian banking sector, has received an Environmental, Social, and Governance (ESG) rating of 73.10 from SES ESG Research Pvt Ltd., a subsidiary of SES, which is registered with the Securities and Exchange Board of India (SEBI) as a Category II ESG Rating Provider.

Rating Methodology and Process

The ESG rating was conducted through SES ESG Research's subscriber pay model, ensuring an independent and unbiased assessment. The evaluation process relied solely on publicly available information, without any direct engagement or input from IDBI Bank. This approach underscores the transparency and objectivity of the rating.

Regulatory Compliance

In adherence to regulatory requirements, IDBI Bank promptly disclosed this information to the stock exchanges. The bank's communication was in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read in conjunction with SEBI's Master Circular.

Implications of the ESG Rating

ESG ratings have become increasingly significant in the financial world, offering insights into a company's performance on environmental, social, and governance factors. For IDBI Bank, this rating of 73.10 provides stakeholders with a metric to assess the bank's sustainability practices and corporate responsibility efforts.

While the specific components contributing to this rating were not detailed in the disclosure, ESG ratings typically consider factors such as:

• Environmental impact
• Social responsibility
• Corporate governance practices

The rating may influence investor perceptions and potentially impact the bank's attractiveness to ESG-focused investors.

As companies worldwide face growing scrutiny on their ESG practices, IDBI Bank's proactive disclosure of this rating demonstrates its commitment to transparency and acknowledgment of the importance of sustainable business practices in the banking sector.