RBI extends tenure of IDFC First Bank MD for another 3 years

The Reserve Bank of India has extended the tenure of IDFC First Bank's Managing Director V Vaidyanathan for an additional three years until December 2027. The approval was communicated on September 19, 2024. His new term will start on December 19, 2024. Vaidyanathan has been serving as MD and CEO since December 2018 after the merger with Capital First.