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IDFC Bank informs about resignation of director

05 Aug 2016 Evaluate

IDFC Bank has informed that Vinod Rai who served as a Nominee Director representing IDFC on the Board of IDFC Bank since July 27, 2015, has resigned from the Board of IDFC Bank with effect from July 31, 2016. Rai was appointed as the Chairman of the Banks Board Bureau. Hence, to avoid any potential conflict of interest, he has resigned as a Director of IDFC Bank.

The above information is a part of company’s filings submitted to BSE.

Peers
Company Name CMP
HDFC Bank 699.50
ICICI Bank 1385.25
Axis Bank 1209.00
Kotak Mahindra Bank 458.00
Indusind Bank 836.35
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