The Reserve Bank of India has approved the appointment of V Vaidyanathan as MD and CEO of IDFC First Bank for a period of three years. In December 2018, IDFC Bank and non-banking financial company Capital First completed their merger, creating a combined loan asset book of Rs 1.03 lakh crore for the merged entity IDFC First Bank. Following the merger, the board of IDFC First Bank approved the appointment of Vaidyanathan as MD and CEO of the new entity.
Source- The Economic Times
Static/Current Takeaways Important For IBPS Clerk Mains Exam:
- IDFC First Bank Headquarters in Mumbai.