Melwyn Rego has been elevated as IDBI Bank Deputy Managing Director.
Rego, who was serving as Executive Director till now, also joins the board of the city headquartered lender as a Whole-Time Director for five years, a bank statement today said.
He joined the bank in 1984 when it was a development finance institution. Currently, he looks after the infrastructure corporate group, project appraisal department, debt syndication, structuring and advisory department, treasury and international banking.
Apart from that, he serves on various committees of the bank, including those looking after credit, asset liability, investment systems and procedures, and products and staff suggestions, the statement said.