RBI approves Pradeep Natarajan as Whole Time Director of IDFC FIRST Bank

Mumbai, May 17: The Reserve Bank of India (RBI) has approved Pradeep Natarajan's joining IDFC FIRST Bank as Whole Time Director Natarajan will serve a three-year term in this role.

This decision follows an earlier notification from the bank (dated December 30, 2023. In a letter dated May 16, the RBI confirmed its approval for Natarajan's appointment, designating him as bank Executive Director for the next three years.

IDFC FIRST Bank will now undertake the necessary steps to formalize Mr. Natarajan's appointment. However, this appointment will still require the approval of the bank's shareholders.