The Board of Directors of IDFC FIRST Bank has approved the re-appointment of Mr. S Ganesh Kumar as an Independent Director for a second term. His new term will be for three consecutive years, commencing from April 30, 2026, and lasting until April 29, 2029. The re-appointment is subject to the approval of the bank’s shareholders.
Re-Appointment Details
Mr. S Ganesh Kumar (DIN: 07635860) has been re-appointed as an Independent Director of IDFC FIRST Bank. The decision was made by the Board based on the recommendation of the Nomination and Remuneration Committee. The official re-appointment date is April 30, 2026.
Term and Conditions
The term for Mr. Kumar’s re-appointment is for three consecutive years, starting on April 30, 2026, and concluding on April 29, 2029. This term is not subject to retirement by rotation. However, the re-appointment requires the approval of the bank’s shareholders.
Director’s Profile
Mr. S. Ganesh Kumar brings extensive experience, having served as the Executive Director of the Reserve Bank of India (RBI) for over three decades. His experience encompasses payment and settlement systems, strategic planning, external investments, and foreign exchange reserves management. He has contributed to the establishment of institutions such as the National Payments Corporation of India and the Reserve Bank Information Technology Private Limited.
Other Considerations
Mr. S Ganesh Kumar is not related to any other Director of the bank. He is also not debarred from holding the office of Director of the Bank by any SEBI order or other authority.
Source: BSE
