IDBI Bank Limited announced on May 19, 2026, that its Board of Directors has approved the re-appointment of Shri Jayakumar S. Pillai as Deputy Managing Director. This re-appointment is for a period of one year, effective from June 12, 2026, following the necessary approval from the Reserve Bank of India (RBI). Shri Jayakumar S. Pillai is not related to any other Director or Key Managerial Personnel (KMP) of the Bank. The bank also confirmed that he is not debarred from holding the office of director by any SEBI order or any other authority. Shri Jayakumar S. Pillai brings over 33 years of experience in commercial banking. He previously served as Chief General Manager at Canara Bank before joining IDBI Bank in June 2023. His experience includes leading branches in various regions, serving as Circle Head twice, and heading Canara Bank's UK operations. Currently, at IDBI Bank, he leads the corporate business vertical and other key functions such as Legal, Human Resource, IT & Digital Banking, Finance & Accounts, and Corporate Strategy & Planning. He also has administrative oversight on Compliance and Risk departments and serves as the Chairman of the Board of IDBI Trusteeship Services Ltd.
