RBI Approves Pradeep Natarajan as IDFC FIRST Bank Director
By Rediff Money Desk, New Delhi May 17, 2024 16:15
Reserve Bank of India (RBI) approves Pradeep Natarajan as Whole Time Director on the Board of IDFC FIRST Bank, the private sector lender.
![RBI Approves Pradeep Natarajan as IDFC FIRST Bank Director](https://im.rediff.com/money/2023/sep/15idfc-first-bank-1.jpg)
Photograph: Courtesy: IDFC First Bank Photos/Wikimedia Commons
New Delhi, May 17 (PTI) The Reserve Bank of India (RBI) has approved the appointment of Pradeep Natarajan as Whole Time Director on the Board of IDFC FIRST Bank, the private sector lender said.
"RBI...has accorded its approval to appoint Pradeep Natarajan as Whole Time Director, designated as Executive Director of the bank for a period of three years," IDFC FIRST Bank said in a regulatory filing on Thursday.
The bank further said it will take the necessary steps to complete the formalities for the appointment of Natarajan as Executive Director.
The said appointment shall be subject to the approval of the shareholders of the bank, it added.
IDFC FIRST Bank had reported a net profit of Rs 724 crore for the fourth quarter ended March 2024.
The bank's gross Non-Performing Assets (NPAs) reduced to 1.88 per cent of gross advances as of March 31, 2024, from 2.51 per cent by the end of March 2023.
Net NPAs also came down to 0.60 per cent of the advances from 0.86 per cent at the end of 2024. PTI NKD
"RBI...has accorded its approval to appoint Pradeep Natarajan as Whole Time Director, designated as Executive Director of the bank for a period of three years," IDFC FIRST Bank said in a regulatory filing on Thursday.
The bank further said it will take the necessary steps to complete the formalities for the appointment of Natarajan as Executive Director.
The said appointment shall be subject to the approval of the shareholders of the bank, it added.
IDFC FIRST Bank had reported a net profit of Rs 724 crore for the fourth quarter ended March 2024.
The bank's gross Non-Performing Assets (NPAs) reduced to 1.88 per cent of gross advances as of March 31, 2024, from 2.51 per cent by the end of March 2023.
Net NPAs also came down to 0.60 per cent of the advances from 0.86 per cent at the end of 2024. PTI NKD
Source: PTI
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- GTL Infrastructure
- 2.93 ( -4.87)
- 226206286
- IFL Enterprises
- 1.30 (+ 4.84)
- 81461564
- Vodafone Idea L
- 16.79 (+ 0.66)
- 67447398
- NCL Research
- 0.95 ( -4.04)
- 31996628
- Franklin Industries
- 3.73 (+ 3.32)
- 21511209
MORE NEWS
![Navi Mumbai...](https://im.rediff.com/80-80/money/2021/jun/10navi-mumbai-airport7.jpg)
Navi Mumbai Airport ILS Signal Testing Begins
The Airports Authority of India (AAI) has begun ILS signal testing at the...
![Air India VRS for...](https://im.rediff.com/80-80/money/2020/sep/09tata-vistara-3.jpg)
Air India VRS for Non-Flying Staff Ahead of...
Air India has announced a voluntary retirement scheme (VRS) and voluntary separation...
Fisher Groups Oppose WTO Fisheries Subsidy Talks
Small-scale fisher groups from India, Indonesia, and Bangladesh demand WTO keep...