Dilip Kumar Mandal has been appointed managing director & chief executive officer of IDBI Asset Management Company (AMC). Prior to joining IDBI AMC, Mandal was chief general manager & zonal head of retail banking group, IDBI Bank, covering the states of Odisha, Chhattisgarh and Jharkhand, and based at Bhubaneswar.

• Mr. Mandal, a B. Tech and holder of Post Graduate Diploma in International Business, has over three decades of experience in various fields of financial services.

ABOUT IDBI BANK:

IDBI Bank is an Indian government-owned financial service company, formerly known as Industrial Development Bank of India, headquartered in Mumbai, India. It was established in 1964 by an Act of Parliament to provide credit and other financial facilities for the development of the fledgling Indian industry.

• It is currently 10th largest development bank in the world in terms of reach, with 3350 ATMs, 1853 branches, including one overseas branch at Dubai, and 1382 centers. It is one of 27 commercial banks owned by the Government of India. The Bank has an aggregate balance sheet size of INR 3.74 trillion as on 31 March 2016.

• In 2006, IDBI Bank acquired United Western Bank in a rescue. By acquiring UWB, IDBI Bank more than doubled the number of its branches from 195 to 425.

Slogan:- “Aao Sochein Bada”