IDFC FIRST Bank has appointed Narendra Ostawal as an Additional Director in the category of Non-Executive Non-Independent Director, effective September 30, 2025. Ostawal, a nominee of Currant Sea Investments B.V., is subject to shareholder approval and rotation policies. The board’s decision, based on the Nomination & Remuneration Committee’s recommendation, reflects the bank’s ongoing governance and strategic enhancements.
Board Strengthens Leadership
IDFC FIRST Bank announced the appointment of Narendra Ostawal to its Board of Directors as an Additional Director, categorized as Non-Executive Non-Independent. This appointment took effect on September 30, 2025.
About Narendra Ostawal
Narendra Ostawal is a Managing Director who leads Warburg Pincus’s investment advisory activities in India. He initially joined Warburg Pincus in 2007. Ostawal previously worked at 3i India and McKinsey & Company. He holds a Chartered Accountancy degree and an MBA from the Indian Institute of Management, Bangalore.
Additional Details
Ostawal’s directorship is as a nominee of Currant Sea Investments B.V. His role will be subject to retirement by rotation. This appointment was recommended by the Nomination & Remuneration Committee.
Mr. Ostawal is not related to any other director of the bank and is not debarred from holding the office of director.
Source: BSE
