INSUBCONTINENT EXCLUSIVE:
B Sriram was recently appointed as chief executive of IDBI Bank for a period of three monthsB Sriram, a former managing director of State
Bank of India (SBI), on Saturday took charge as the managing director and CEO of IDBI Bank
Earlier in the day, SBI said in a regulatory filing that the government has permitted him to take voluntary retirement as managing director
He replaced Mahesh Kumar Jain, who was recently named deputy governor of the Reserve Bank of India (RBI).Prior to his appointment as CEO of
IDBI Bank, Mr Sriram had been working as MD (corporate and global banking) at SBI since July 2014
He had been managing director of State Bank of Bikaner and Jaipur
Mr Sriram joined the government-run bank in 1981 as a Probationary Officer
During over three-decade-long career, he held several positions and also had a stint at SBI's Singapore office.IDBI Bank's gross bad
loans stood at Rs 55,588 crore, up from Rs 44,753 crore in March 31, 2017, according to the bank's latest report
The Central Bureau of Investigation (CBI) is probing a Rs 600-crore loan fraud case involving IDBI Bank
The federal probe agency had recently examined the bank's documents related to its loan exposure to the companies of former Aircel
Life Insurance Corporation (LIC) to pick up to 51 per cent stake in the debt ridden IDBI Bank, news agency Press Trust of India reported
