IDFC First Bank Limited announced the re-appointment of Sanjeeb Chaudhuri as the Part-Time Non-Executive Chairperson, with effect from August 25, 2024. According to the Bank’s exchange filing, “We wish to inform that pursuant to the recommendation of the Nomination and Remuneration Committee, the Board of Directors of the Bank at its meeting held today, has…
Mumbai-headquartered private sector lender, IDFC First Bank Limited, announced the appointment of Mahendra Shah as Non-Executive Non-Independent Director on the company’s Board, with effect from August 30, 2023. According to the company’s exchange filing, “the Board of Directors of the Bank has approved the appointment of Mr. Mahendra Shah (DIN: 00124629) as Additional Director in…
IDFC First Bank Limited announced the appointment of Neerav Maniar as Chief Compliance Officer of the bank, with effect from August 21, 2023. According to the company’s exchange filing, “we hereby inform you that in terms of RBI Circular Ref. No. DoS.CO.PPG./SEC.02/11.01.005/2020-21 dated September 11, 2020 and basis the recommendation of the Nomination & Remuneration…
The Board of Directors of IDFC FIRST Bank Limited (IDFC FIRST Bank) at its meeting held today, July 03, 2023, have approved the Scheme of Amalgamation of IDFC Limited with IDFC FIRST Bank. The Share Exchange Ratio for the amalgamation of IDFC Limited with IDFC FIRST Bank shall be 155 equity shares of face value…
IDFC First Bank Limited announced the appointment of Dr. Jaimini Bhagwati as Additional Director to the company’s Board of Directors, effective February 18, 2022. According to the company’s exchange filing, “We wish to inform that in accordance with the applicable provisions of the Listing Regulations and the Companies Act, 2013 and based on the recommendation…
IDFC FIRST Bank and Hindustan Petroleum Corporation Ltd. (HPCL) has signed an agreement to facilitate fuel payments by motorists at HPCL’s retail outlets using the Bank’s FASTags. Further, IDFC FIRST Bank’s FASTags can now also be bought, recharged and replaced by passenger vehicle users at select HPCL retail outlets, according to the announcement. It added, “This…
IDFC First Bank announced the re-appointment of V. Vaidyanathan as Managing Director and Chief Executive Officer for a further period of three years, effective December 19, 2021. According to the bank’s exchange filing, “we wish to inform you that the Reserve Bank of India, vide its communication dated September 07, 2021, has granted its approval…
IDFC FIRST Bank recently announced that its senior management has volunteered to take a 10% cut in compensation in the current financial year 2020-21. Along with the leadership team, V Vaidyanathan, MD & CEO, IDFC FIRST Bank, has also voluntarily offered to take a pay cut of 30% in his compensation including Fixed compensation as…
IDFC Bank Ltd. and Capital First Ltd. today announced the completion of merger following the approval of shareholders and regulators. The merged entity will be called IDFC First Bank, subject to shareholders’ approval. V Vaidyanathan, Founder and Chairman of Capital First will be the Managing Director and Chief Executive Officer of the merged entity. He…