RBI Approves Reappointment Of V. Vaidyanathan As MD & CEO Of IDFC First Bank

On September 19, the Reserve Bank of India (RBI) granted its approval for the reappointment of V. Vaidyanathan as Managing Director and Chief Executive Officer (MD & CEO) of IDFC First Bank Limited for three years, effective December 19, 2024.

V. Vaidyanathan, a leader in the banking sector, has previously held key positions at Citibank and ICICI Bank from 2000 to 2010. In 2012, he acquired a stake in a small wholesale Non-Banking Financial Company (NBFC), executed a leveraged management buyout, and founded Capital First. Following its merger with IDFC Bank, he became MD & CEO of the newly formed IDFC FIRST Bank. His current focus is on building a world-class bank in India, driven by ethics, technology, and social responsibility.