Shri Melwyn Rego appointed as Deputy Managing Director of IDBI Bank

For Immediate Publication / Broadcast / Telecast

Shri Melwyn Rego appointed as Deputy Managing Director of IDBI Bank

Mumbai, September 3, 2013:  Shri Melwyn Rego, Executive Director, IDBI Bank Ltd., has been appointed as Whole-Time Director, designated as Deputy Managing Director, on the Board of Directors of IDBI Bank Ltd. by the Government of India for a period of 5 years. 

Shri Rego is currently looking after Infrastructure Corporate Group, Project Appraisal Department, Debt Syndication, Structuring & Advisory Department, Treasury and International Banking.   He is also a Member of several committees of the Bank including the Credit Committee, Systems & Procedures, Products & Staff Suggestions Committee, Investment Committee, Asset Liability Management Committee etc.

Shri Rego has served IDBI Bank in various positions from 1984 till date.  From September 2003 to December 2007, Shri Rego was CEO & Managing Director of IDBI Homefinance Ltd.  In January 2008, he took over as Head-International Banking Division to spearhead IDBI Bank's overseas initiatives.   Shri Rego has extensive international experience and was a rank holder at a programme on International Capital Markets at Oxford University, UK.  He has also participated in several seminars including those organized by EDI/World Bank at Washington.

Shri Rego is a B.Com from BMCC College, Pune and an MBA from Symbiosis Institute of Business Management, Pune.  He is a keen sportsman and has a passion for music and dramatics.          

About IDBI Bank

IDBI Bank is the youngest, new generation public sector universal bank that rides on a cutting edge Core Banking Information Technology platform. This enables the Bank to offer personalized   banking and financial solutions to its clients through its 1141 branches and  1892 ATMs. The Bank has an aggregate balance sheet size of Rs.2,87,790 crore and total business of Rs.3,62,222 crore as on June 30, 2013. IDBI Bank's operations during the Quarter ended June 30, 2013 resulted in a net profit of Rs.307 Crore. IDBI Bank earned a net profit of Rs.1882 crore during the financial year ended March 31, 2013.