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Monday, 26 June 2017

IDFC Bank elevates Sunil Kakar as MD and CEO for 3 Years


IDFC Ltd announced the elevation of its CFO Sunil Kakar as the Managing Director and Chief Executive Officer of the company with effect from July 16 for three years. Mr. Kakar has also been appointed as additional director. Both the appointments are subject to shareholders' approval at the annual general meeting (AGM).

Besides, the company announced that the Board has approved the resignation of veteran banker Vikram Limaye from the post of MD and CEO who is set to join leading stock exchange NSE as its new Managing Director and CEO. 

Important Takeaways from Above News-
  • Vikram Limaye is a member of a panel appointed by the Supreme Court to administer the Board of Control for Cricket in India (BCCI). 
  • Headquarter of IDFC Bank is in Mumbai.

Source- The Economic Times



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