Change in Director / Key Managerial Personnel

  • Nature of change: Appointment of Additional Director in the category of Non-Executive Independent Director
  • Name and DIN: Ms. Mini Ipe (DIN: 07791184)
  • Effective date and tenure: Appointment effective from August 3, 2026 for a period of four consecutive years up to August 2, 2030, both days inclusive
  • Qualifications and experience:
  • Holds a master's degree in commerce
  • 37 years of experience in the insurance sector
  • Former Managing Director of Life Insurance Corporation of India (LIC)
  • Experience includes investments, claims, personnel, pension and group schemes, finance and accounts, policy service, and regulatory compliance
  • Served as Zonal Manager In Charge of the South Central Zone, Hyderabad (first Lady Zonal Manager of LIC)
  • Recognized as one of "India's Top 100 Women in Finance" in 2000 by Association of International Wealth Management of India
  • Currently serves on boards of PTC India Limited and PTC Financial Services Limited
  • Previously served on board of Axis Bank Limited
  • Regulatory compliance: Not debarred from holding office of Director by any order passed by SEBI or any other authority
  • Relationship with other directors: None disclosed
  • Shareholder approval: Appointment subject to approval of shareholders of the Bank

Board Meeting Details

  • Meeting date: August 3, 2026
  • Meeting timing: Commenced at 2:34 PM IST and concluded at 6:15 PM IST