IDBI Bank Board approves transfer of Demat Business to IDBI Capital Market and Services Ltd

Mumbai, Feb 21, 2026: The Board of Directors of the Disinvestment-backed IDBI Bank Ltd has approved the transfer of ownership and management of existing Demat Business of IDBI Bank Ltd. to IDBI Capital Market Services Ltd. (ICMS), a wholly owned subsidiary of the Bank, through transfer of Depository Participant (DP) for both NSDL and CDSL DP IDs.

However, any kind of agreement or memorandum of understanding is yet to be executed as of now and there is reportedly the turnover of the unit being transferred is less than 0.032% of the Total Income of the Bank. The cost of the transfer is Rs 5.50 crore and expected sale of the ownership will be completed till April 2026.

IDBI Capital Market and Securities Ltd is a wholly owned subsidiary of IDBI Bank Limited and is a SEBI –registered entity primarily engaged in the business of providing services of Stockbroking, Depository Participants, Investment Advisory, Research Analysts, Institutional Broking, Distribution of Mutual Funds, etc. The transferee is also a SEBI registered Depository Participant with NSDL and CDSL.

Further, it has been informed that the transaction falls within the scope of Related Party Transactions and has been executed at arm’s length. Prior approval of the Audit Committee of the Board (ACB) has been obtained for the same.