Sanjeeb Chaudhuri re-appointed as IDFC First Bank’s Chairman

The Reserve Bank of India has approved the re-appointment of Mr. Sanjeeb Chaudhuri as the Part-Time Chairman of the IDFC First Bank. The appointment has been made for the three-year tenure.

The Bank has informed the exchanges about the re-appointment of Mr. Sanjeeb Chaudhuri as the Part-Time Non-Executive Chairperson (Independent) by the Board of Directors of the Bank, for a second term with effect from August 25, 2024, up to the expiry of May 09, 2027 (i.e. the date when his existing term as an Independent Director of the Bank is expiring synchronously), subject to approval of Reserve Bank of India and shareholders of the Bank.

 

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In this regard, the Bank had made an application with the RBI, which stated,

We wish to inform you that in terms of Section 10B (1A)(i) of the Banking Regulation Act, 1949, the RBI has vide its letter dated June 14, 2024, approved the re-appointment of Mr. Sanjeeb Chaudhuri as the Part-Time Chairman of the Bank, for the period from August 25, 2024, to May 09, 2027.

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