Current Affairs - Banking - Discussion

Reserve Bank of India (RBI) approved the appointment of V Vaidyanathan as MD and CEO of IDFC First Bank for a period of three years. The Tenure of V Vaidyanathan started from 19th December 2019. V Vaidyanathan is the founder and chairman of Capital First. IDFC Bank and non-banking financial company Capital First completed their merger in December 2018 and created a loan asset book of 1.03 Lakh crore for the merged entity IDFC First bank.