Damodaran to become IDBI chief
Mumbai: M Damodaran, the chairman-designate of Industrial Development Bank of India (IDBI), will take charge as chairman and managing director of development financial institution from 1 October. IDBI, in a communication to stock exchanges, said that as per the government decision, Damodaran will hold concurrent charge of the post of both chairman of UTI as well as CMD of IDBI with effect from 1 October, till further orders.
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