IDFC FIRST Bank Reappoints S. Ganesh Kumar as Independent Director for Second Term

Mumbai, January 31, 2026: IDFC FIRST Bank Limited on Friday announced that its Board of Directors has approved the re-appointment of Mr. S. Ganesh Kumar as an Independent Director for a second consecutive term, subject to shareholder approval.

The decision was taken at the Board meeting held on January 31, 2026, based on the recommendation of the Nomination and Remuneration Committee, in compliance with applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Mr. Ganesh Kumar’s second term will commence on April 30, 2026, and will remain effective until April 29, 2029. He will not be liable to retire by rotation during this tenure.

A seasoned banking professional, Mr. Ganesh Kumar brings over three decades of experience with the Reserve Bank of India (RBI), where he last served as Executive Director. During his tenure at the central bank, he handled key portfolios including payment and settlement systems, strategic planning, foreign exchange reserve management, and external investments.

He has played a pivotal role in the establishment and development of major financial infrastructure institutions such as the National Payments Corporation of India (NPCI), Reserve Bank Information Technology Private Limited (ReBIT), and Indian Financial Technology and Allied Services (IFTAS). He was also associated with the National Cyber Security Council and contributed to the formulation of India’s Payment and Settlement Systems Act.

IDFC FIRST Bank stated that Mr. Ganesh Kumar is not related to any other director on the Board and is not debarred from holding directorship by any regulatory authority.

The bank further confirmed that the disclosure has been uploaded on its official website in accordance with Regulation 46(2) of the SEBI Listing Regulations. The Board meeting commenced at 9:30 a.m. and concluded at 3:15 p.m.