RBI approved Pradeep Natarajan as Whole Time Director of IDFC FIRST Bank Limited
Further, it is added that the Bank shall take the necessary steps to complete the formalities for the appointment of Mr. Pradeep Natarajan as Executive Director of the Bank.
New Delhi: The Central Bank authority has provided a grant to IDFC First Bank for the appointment of Mr Pradeep Natarajan as Whole Time Director of the Board.
According to the exchange filing of the Bank, RBI vide its letter dated May 16, 2024, (‘RBI Letter’) has accorded its approval to appoint Mr. Pradeep Natarajan as Whole Time Director, designated as Executive Director of the Bank for three years.
Further, it is added that the Bank shall take the necessary steps to complete the formalities for the appointment of Mr. Pradeep Natarajan as Executive Director of the Bank. The said appointment shall be subject to the approval of the Shareholders of the Bank.
Read Also : RBI issues guidelines on higher liquidity coverage ratio for retail depositsIDFC First Bank PAT increased by 21% YOY to Rs. 2,957 crore for FY 24 (PAT increased 28% YoY excluding trading gains) as per Financial performance.
The shares of the Bank are trading at Rs 77.10 up by 0.065 percent.
Read Also : India assumes the Chair of Asian Disaster Preparedness CentreNews Must Read
- Karnataka Bank Announced record Q1 Net Profit at Rs. 400.33 CR
- NTPC, BHEL shares soar higher amid JV announcement in Budget 2024
- BEL signs tripartite MoU for manufacture of indigenised ammunition
- Goa Shipyard Limited launched first indigenous P1135.6 Frigate
- Chandan Sinha appointed as Non-Executive Part Time Chairman of RBL Bank
- OIL and Dolphin Drilling signs contract for hiring of Blackford Dolphin
- Cmde D.K. Murali, IN (Retd.) Joins as CMD of BECIL
- Samir Chandra Saxena Appointed as Director (Market Operation) of GRID-INDIA
- MOIL CMD bags Title 'CEO of the Year'
- ONGC sign MoU with GSI to advance geothermal exploration in Ladakh