Madhivanan Balakrishnan appointed executive director of IDFC FIRST Bank
Madhivanan Balakrishnan has been elevated as the Executive Director and Chief Operating Officer of IDFC First Bank following the RBIs approval, a statement said on Wednesday.
Madhivanan Balakrishnan has been elevated as the Executive Director and Chief Operating Officer of IDFC First Bank following the RBI's approval, a statement said on Wednesday.
His elevation was recommended by the nomination and remuneration committee for a period of three years, IDFC FIRST Bank said in the statement.
Madhivanan has been a part of the bank since 2019 and is currently serving as the Chief Operating Officer.
IDFC FIRST Bank recorded a profit after tax of Rs 2,437 crore in 2022-23, with capital adequacy of 16.82 per cent.
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