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IDFC FIRST Bank: Proposed Re-appointment of Mr. S. Ganesh Kumar

IDFC FIRST Bank seeks shareholder approval for Mr. S. Ganesh Kumar’s re-appointment as Independent Director (2026–2029) via e-Voting.
IDFC FIRST Bank: Proposed Re-appointment of Mr. S. Ganesh Kumar

Mumbai, March 18, 2026 – IDFC FIRST Bank Limited has announced a Postal Ballot seeking approval from its shareholders for the re-appointment of Mr. S. Ganesh Kumar (DIN: 07635860) as an Independent Director of the Bank for a second term of three consecutive years, effective April 30, 2026, subject to regulatory approvals.

The Postal Ballot will be conducted exclusively through remote e-Voting, in compliance with the Companies Act, 2013, SEBI Listing Regulations, and RBI Directions on governance for commercial banks. Shareholders as of March 13, 2026 (Cut-off Date) are eligible to vote.

 

Key Details of the Resolution

  • Resolution Type: Special Resolution

  • Term: April 30, 2026 – April 29, 2029

  • Eligibility: Independent Director not liable to retire by rotation

  • Remuneration:

    • Fixed remuneration approved by the Board

    • Sitting fees for Board and Committee meetings

    • Reimbursement of expenses

  • Voting Period: March 19, 2026 (9:00 a.m. IST) to April 17, 2026 (5:00 p.m. IST)

  • Results Announcement: On or before April 21, 2026

 

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About Mr. S. Ganesh Kumar

  • Age: 66 years

  • Education & Qualifications: M.B.A., B.Sc., Diploma in Banking, B.G.L., C.A.I.I.B.

  • Experience:

    • Former Executive Director, Reserve Bank of India, with over 30 years of experience

    • Expertise in Banking, Regulation, Supervision, Accounting, IT, Payment & Settlement Systems, Risk Management, and Institution Building

    • Played a role in establishing NPCI, RBI IT Private Limited, IFTAS, and contributed to the Payment and Settlement Systems Act

  • Other Directorships: Central Depository Services (India) Limited (CDSL)

  • Board Committees: Audit, Risk Management, IT Strategy, Nomination & Remuneration, Stakeholders Relationship & Customer Service, Wilful Defaulters Review Committee

 

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Voting & Procedure

  • Voting is online only via NSDL e-Voting platform

  • Shareholders must update their email and mobile numbers with their Depository Participants or the Bank’s RTA (KFin Technologies Limited)

  • Detailed instructions are available on:

The Board recommends approval of Mr. S. Ganesh Kumar’s re-appointment, citing his integrity, extensive expertise, and value to the Bank.

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