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Melwyn Rego elevated as Deputy MD at IDBI Bank

MUMBAI: State-run IDBI BankBSE 1.04 %today said it has elevated Melwyn Rego as the deputy managing director.

Rego, who was serving as the executive director till now, also joins the board of the city-headquartered lender as a whole time director for a five year term, a bank statement said. 

He joined the bank in 1984 when it was a development finance institution and currently he looks after the infrastructure corporate group, project appraisal department, debt syndication, structuring and advisory department, treasury and international banking, it said. 

Apart from that, he serves on various committees of the bank including those looking after credit, asset liability, investment systems and procedures, and products and staff suggestions, the statement said.