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Mr M. Damodaran, Chairman and Managing Director, IDBI (right), with Mr G.N. Bajpai, Chairman, SEBI, after receiving the `Finance man of the Year 2004' award at a conference in Mumbai on Friday. — Paul Noronha

Mumbai , Jan. 28

IDBI has appointed HR consultants to revamp the compensation packages for employees, said Mr M. Damodaran, Chairman and Managing Director, here today.

Speaking to presspersons, on the sidelines of a Bombay Management Association function, which along with other leading associations felicitated him as `Finance man of the year 2004', Mr Damodaran said that the consultants have suggested the introduction of a cost-to company approach and an integrated compensation package for employees.

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