SBI ex-MD Sriram appointed IDBI MD

​Mumbai: State Bank of India's former Managing Director B Sriram on Saturday took charge as MD and CEO of financially-troubled IDBI Bank. Sriram was recently appointed chief of the financially-troubled IDBI Bank for a period of three months. 

As per a BSE filing made by IDBI Bank: "B Sriram has assumed charge as MD & CEO of IDBI Bank on Saturday". Earlier in the day, SBI in another regulatory filing had said the Central government has permitted Sriram to take voluntary retirement as MD of SBI. SBI also said that the government had granted permission to Sriram for voluntary retirement on June 29 with immediate effect.