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IDBI Bank appoints Smita Kuber as CFO

28-Mar-23   15:10 Hrs IST
Smita Kuber is a qualified chartered accountant and has more than 25 years of banking experience including 5 years' experience in handling finance & accounts and taxation matters in IDBI Bank.

Kuber's appointment follows the resignation of P. Sitaram, executive director (ED) and CFO due to attaining the superannuation, will retire on 31 March 2023.

Meanwhile, Samuel Joseph Jebaraj, deputy managing director, tendered his resignation with effect from close of business on 5 April 2023.

IDBI Bank is one of India's one of the state own largest bank having more than 1,890 branches with 3,300 ATM'S across the globe. The Government of India held 45.48% stake while the Life Insurance Corporation of India held 49.24% stake in the bank as on 31 December 2022.

IDBI Bank's standalone net profit surged 60.36% to Rs 927.27 crore on 5.66% rise in total income to Rs 6088.31 crore in Q3 FY23 over Q3 FY22.

The scrip slipped 2.95% to Rs 43.47 on the BSE.

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