Madhivanan Balakrishnan's appointment as the Executive Director on the Board of IDFC FIRST Bank Limited

Mr. Madhivanan Balakrishnan, COO, IDFC FIRST Bank has been appointed as the Whole-time director, designated as the Executive Director and Chief Operating Officer in consequent to RBI approval and basis the recommendations of the Nomination and Remuneration Committee and pursuant to the provisions of Banking Regulation Act, 1949 for a period of 3 years subject to approval of Shareholders of the bank.

Mr. Madhivanan has been a part of the Bank since 2019 as is currently serving as the Chief Operating Officer of the Bank. He is a customer focused industry thought leader with a broad expertise across business development, operations, customer insights and technology. He is an expert in operational, technical and marketing experience across diverse industry segments such as banking, insurance, FMCG, durables and IT & ITES. He has established a track record of building new businesses, driving sustainable growth and realizing value in diverse and dynamic market situations. He has also been involved in successful business turnarounds and delivered engaging and insightful transformation in organizations.

Shares of IDFC First Bank Limited was last trading in BSE at Rs. 82.17 as compared to the previous close of Rs. 82.84. The total number of shares traded during the day was 4699800 in over 15035 trades.

The stock hit an intraday high of Rs. 84.35 and intraday low of 81.51. The net turnover during the day was Rs. 387145575.00.

Source : Equity Bulls

Keywords

IDFCFirstBank INE092T01019 Appointment ExecutiveDirector