IDFC First Bank Re-appoints Mr. Sanjeeb Chaudhuri as the Part-Time Chairman
IDFC First Bank Re-appoints Mr. Sanjeeb Chaudhuri as Part-Time Chairman for a second term with effect from August 25, 2024, up to the expiry of May 09, 2027 as per the RBI Approval.
by Damodharan N
Updated Jun 17, 2024
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IDFC First Bank announced the re-appointment of Mr. Sanjeeb Chaudhuri as the Part-Time Chairman of the Bank. The Reserve Bank of India (RBI) approved this decision, effective from August 25, 2024, until May 09, 2027. This re-appointment follows a previous intimation to the stock exchanges on March 27, 2024.
Mr. Sanjeeb Chaudhuri, with over four decades of senior multinational business experience, is an accomplished leader with a robust background in global banks and consumer companies. His re-appointment was approved under Section 10B (1A)(i) of the Banking Regulation Act, 1949, as per the RBI's letter dated June 14, 2024.
About Mr. Sanjeeb Chaudhuri
Mr. Chaudhuri holds an MBA in Marketing and has completed an Advanced Management Program. He has significant experience in digital transformation, generating efficiencies through technology-based solutions, and leading major consumer and commercial markets across India, Asia, the Middle East, Africa, and Europe.
His illustrious career includes roles such as Independent Director at Aditya Birla Group company ABFRL, Director of Citigroup Europe PLC, and member of the Supervisory Board at Bank Handlowy. Currently, he serves as a Global Mentor at Columbia School of Business and Northeastern University, and a Global Advisor at Crayon Data Pte Ltd., Singapore.
About IDFC First Bank
The merger of Erstwhile IDFC Bank and Capital First in December 2018 led to the formation of IDFC First Bank. The bank focuses on retail business, leveraging advanced technology and analytics-driven capabilities to enhance customer service and expand its reach across India.
With a strong funded asset base and expanding net interest margins, IDFC First Bank continues to position itself as a leading player in the Indian banking sector. For more information, click the links to learn more about the re-appointment announcement. and Mr. Sanjeeb Chaudhuri's Career details.
IDFC First Bank re-appoints Mr. Sanjeeb Chaudhuri as the Part-Time Chairman - FAQs
1. Who has been re-appointed as the Part-Time Chairman of IDFC First Bank?
Mr. Sanjeeb Chaudhuri has been re-appointed as the Part-Time Chairman of IDFC First Bank
2. When will Mr. Sanjeeb Chaudhuri's new term start and end?
Mr. Sanjeeb Chaudhuri will hold office From August 25, 2024, to May 09, 2027.
3. What is Mr. Sanjeeb Chaudhuri's professional background?
He has over four decades of senior multinational business experience in global banks and consumer companies.
4. What educational qualifications does Mr. Sanjeeb Chaudhuri have?
He holds an MBA in Marketing and has completed an Advanced Management Program.
5. When was IDFC First Bank formed?
IDFC First Bank was formed on December 18, 2018, by the merger of Erstwhile IDFC Bank and Capital First.