IDFC FIRST Bank Board Approves Leadership Changes

The Board Meeting commenced at 10:00 a.m. and concluded at 02:45 p.m. on October 24, 2026.

Mr. Sanjeeb Chaudhuri (DIN: 03594427) current term as Part-Time Non-Executive Chairperson (Independent Director) expires on May 9, 2027
Board approved appointment of Mr. S. Ganesh Kumar (DIN: 07635860), Independent Director, as Part-Time Non-Executive Chairperson
Effective from May 10, 2027 until April 29, 2029 (expiry of his existing term as Independent Director)
Subject to approval of RBI and other regulatory approvals

Profile of Mr. S. Ganesh Kumar:

M.B.A., B.Sc., Diploma in Banking, B.G.L., C.A.I.I.B.
Former Executive Director of Reserve Bank of India with over three decades of service
Recent responsibilities included Payment and Settlement Systems, strategic planning, external investments, and foreign exchange reserve management
Associated with Institute for Development and Research in Banking Technology
Key role in establishment of National Payments Corporation of India, Reserve Bank Information Technology Private Limited, and Indian Financial Technology and Allied Services (IFTAS)
Associated with National Cyber Security Council of Government of India
Involved in framing of Payment and Settlement Systems Act
Played role in ideating, design, and development of technology-based retail payment systems operated by NPCI
Not related to any other Directors or Key Managerial Personnel of the Bank
Not debarred from holding office of Director by virtue of any SEBI order or authority

Re-appointment of Mr. Pradeep Natarajan (DIN: 10499651) as Whole-Time Director, designated as Executive Director
For further period of three (3) years upon expiry of current term on May 31, 2027
Term: June 1, 2027 to May 31, 2030 (both days inclusive)
Subject to approval of RBI and other requisite statutory/regulatory approvals

Profile of Mr. Pradeep Natarajan:

Leadership position with IDFC FIRST Bank since December 2018
Currently Head of Retail Banking of the Bank
Management graduate from Sydenham Institute of Management Studies (batch of 1998)
Bachelor's degree in mechanical engineering
Professional experience across Banking, Technology & Wealth Management
Previous stints at Standard Chartered Bank, Dell India, Religare Macquarie Wealth Management, and Capital First Limited
Expertise in Business Development, Technology, Risk Analytics, Debt Management, Project Management, Customer Service and Marketing
Not related to any other Directors or Key Managerial Personnel of the Bank
Not debarred from holding office of Director by virtue of any SEBI order or authority

Mr. Aashish Kamat (DIN: 06371682) ceases to be Independent Director
Effective: Close of business hours on December 17, 2026
Reason: Completion of second term and maximum tenure of eight years permissible under Section 10A(2A) of the Banking Regulation Act, 1949 read with applicable RBI Directions
Board placed on record its deep appreciation for his valuable guidance and exceptional contributions