Change in Director / Key Managerial Personnel
Nature of change: Appointment of Senior Management Personnel
Name and details: Mr. Shyamal Malhotra appointed as Senior Management Personnel of IDFC FIRST Bank Limited.
Effective date: September 22, 2026
Term of appointment: Full-time employment
Brief profile and qualifications: Mr. Shyamal Malhotra is a seasoned business leader with over 25 years of experience across corporate banking, business transformation, strategic growth and B2B commerce. He has held leadership positions with Citibank, HSBC and Deutsche Bank. He spent 22 years with Deutsche Bank, where he last served as Managing Director & Co-Head, Corporate Banking, India. In this role, he was responsible for client strategy, business growth, risk management, partnerships and transformation initiatives. Most recently, he was associated with JSW, where he led the development of a scalable customer-centric B2B e-commerce platform for its manufacturing business.
Regulatory compliance: The appointment was made based on the recommendation of the Nomination and Remuneration Committee and approved by the Board of Directors of the Bank. The disclosure is made under Regulation 30 of the SEBI (LODR) Regulations, 2015, as amended ("Listing Regulations") read with the SEBI Master Circular dated January 30, 2026.
Key Financial or Operational Approvals
Not applicable to this disclosure
Strategic or Business Context
Not applicable to this disclosure
Any Other Material Information
Disclosure details: Filed with National Stock Exchange of India Limited (NSE Symbol: IDFCFIRSTB) and BSE Limited (BSE Scrip Code: 539437) on September 22, 2026.
Company representative: The disclosure was signed by Satish Gaikwad, General Counsel and Company Secretary of IDFC FIRST Bank Limited.