Melwyn Rego elevated to Deputy MD of IDBI Bank

Melwyn Rego has been appointed by the Government as Deputy Managing Director of IDBI Bank. He took charge on August 30. Prior to his elevation, Rego was Executive Director.

With this appointment, IDBI Bank has two DMDs who are whole-time directors on the board.

B. K. Batra is the senior-most DMD.

According to reports, Batra is expected to be elevated as the chief of either a public sector bank or a financial institution.

Source: thehindubusinessline