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The Reserve Bank of India (RBI) has granted its approval for the re-appointment of V. Vaidyanathan as the Managing Director & Chief Executive Officer of IDFC FIRST Bank.
The Bank, in a regulatory filing, said Vaidyanathan’s re-appointment as MD & CEO is for three years, effective from December 19, 2021.
Further, the aforesaid re-appointment is subject to shareholders’ approval at the ensuing Annual General Meeting of the Bank scheduled to be held on September 15, 2021.
Vaidyanathan took over as the MD & CEO of IDFC FIRST Bank in December 2018 after Capital First and IDFC Bank merger.
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