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Damodaran to continue as IDBI chief till May 31

Our Bureau

Mumbai , Feb. 5

MR M. Damodaran will continue to be the Chairman and Managing Director of IDBI till May 31, 2004.

IDBI today informed the BSE that the Finance Ministry has decided to entrust the charge of IDBI CMD to Mr Damodaran till May 31.

Mr Damodaran, also Chairman of UTI, took up the dual responsibility as IDBI chief with effect from October 1, 2003. IDBI has informed that its board has accepted the resignation of Mr M.G. Bhide, a Director, at its meeting held on January 30.

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Damodaran to continue as IDBI chief till May 31



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