IDBI Bank seeks shareholders nod for 10-fold hike in MD & CEO salary

The bank has sought the approval of its shareholders through a postal ballot which started on April 6 and will end on May 5, 2022, to pass the ordinary resolution, among others. The lender, in which LIC holds a majority stake, will declare the results of the postal ballot on or before May 7, 2022.

from Banking/Finance-Industry-Economic Times https://ift.tt/J43kmDs