Rakesh Sharma, former MD & CEO of Canara Bank is appointed (By Govt.) as MD & CEO of IDBI Bank Limited. He will succeed B. Sriram, who retired on September 30 after holding the office for three months.

Sharma was the chief executive at Canara Bank till June 2018. Back in August 2015, he was among the private professionals government had roped in to lead two large public sector banks – Canara Bank and Bank of Baroda. Prior to that, he was at the helm of Lakshmi Vilas Bank.

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