Kishor Piraji Kharat has assumed charge as managing director & chief executive director of IDBI Bank with effect from August 14, 2015. He was earlier posted as executive director of Union Bank of India. He holds an Executive Diploma in Management. Kharat is a graduate in commerce and law, and is a certified associate of the Indian Institute of Bankers.
Kharat was with Bank of Baroda for three decades. Kharat had worked in various areas of banking like credit, international business, information technology and general administration both in India as well as overseas.
Random Facts
- IDBI Bank formerly known as Industrial Development Bank of India, is headquartered in Mumbai.
- IDBI bank 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 one of the largest development banks in the world.
- In September 2004, the Reserve Bank of India incorporated IDBI as a ‘scheduled bank’ under the RBI act, 1934.
- IDBI Bank’s equity shares are listed on Bombay Stock Exchange and the National Stock Exchange of India.
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