IDFC First Bank Ltd announces resignation of Non-Executive Chairman

IDFC FIRST Bank Limited ('the Bank') has received an intimation vide letter dated September 04, 2020 from Dr. Rajiv B. Lall wherein he has tendered his resignation as Part-Time Non-Executive Chairman from the Board of the Bank with immediate effect citing that he has been dealing with his prolonged personal health issues for a while now.

Dr. Rajiv B. Lall in his communication further mentioned that in view of his prolonged health issues the Bank had thought through a succession plan for the position of Part-Time Non-Executive Chairman of the Bank in the past, subject to RBI approval, which will now facilitate a smooth transition. He also expressed that he is leaving the Bank in capable hands and has been privileged to serve this wonderful institution.

Shares of IDFC First Bank Ltd was last trading in BSE at Rs.31.7 as compared to the previous close of Rs. 31.75. The total number of shares traded during the day was 3922744 in over 11508 trades.

The stock hit an intraday high of Rs. 32.65 and intraday low of 30.25. The net turnover during the day was Rs. 124845935.

Source : Equity Bulls

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