NSEChange in Management2d ago · 22 Sept 2026, 09:19 pm
Change in Management
IDFC First Bank Limited · IDFCFIRSTB
✦ AI SummaryMgmt Change
IDFC First Bank Limited has informed the Exchange about the appointment of Senior Management Personnel, Mr. Shyamal Malhotra, with effect from September 22, 2026.
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IDFC First Bank Limited has informed the Exchange about appointment of Senior Management Personnel.
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IDFCFIRSTB_22092026211940_Exchange_Disclosure_SMP_Appointment.pdf
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IDFCFIRSTBANK/SD/136/2026-27 September 22, 2026
National Stock Exchange of India Limited BSE Limited
Mumbai 400 051 Mumbai 400 001
NSE Symbol: IDFCFIRSTB BSE Scrip Code: 539437
Sub.: Disclosure regarding appointment of Senior Management Personnel under Regulation 30 of the SEBI (LODR)
Regulations, 2015, as amended (“Listing Regulations”)
Dear Sir, Madam,
We hereby inform you that, based on the recommendation of the Nomination and Remuneration Committee, the Board
of Directors of the Bank has approved the appointment of Mr. Shyamal Malhotra as Senior Management Personnel of
the Bank with effect from September 22, 2026.
The details required under Listing Regulations, read with the SEBI Master Circular dated January 30, 2026, are enclosed
as Annexure 1.
Please take the above on record.
For IDFC FIRST Bank Limited
Satish Gaikwad
General Counsel and Company Secretary
Encl.: As above
IDFC FIRST Bank Limited
Corporate Office: IDFC FIRST Bank Tower, (The Square), C-61, G Block, Bandra-Kurla Complex, Bandra (East), Mumbai - 400 051, Maharashtra. Tel: +91 22 7132 5500
Registered Office: KRM Tower, 7th Floor, No. 1, Harrington Road, Chetpet, Chennai 600 031, Tamil Nadu. Tel: +91 44 4571 6477
CIN: L65110TN2014PLC097792 | E-mail: bank.info@idfcfirstbank.com; | Website: www.idfcfirst.bank.in
Annexure 1
Sr. No. Particulars Description
1. Rea son for change, viz., Appointment of Mr. Shyamal Malhotra as Senior Management
appointment Personnel of the Bank.
2. Dat e of appointment & September 22, 2026
Term of appointment Full-time employment
3. Brie f profile Mr. Shyamal Malhotra is a seasoned business leader with over 25 years
(in case of appointment) of experience across corporate banking, business transformation,
strategic growth and B2B commerce. He has held leadership positions
with Citibank, HSBC and Deutsche Bank.
He spent 22 years with Deutsche Bank, where he last served as
Managing Director & Co-Head, Corporate Banking, India. In this role, he
was responsible for client strategy, business growth, risk management,
partnerships and transformation initiatives.
Most recently, he was associated with JSW, where he led the
development of a scalable customer-centric B2B e-commerce platform
for its manufacturing business.
4. Dis closure of relationships between Not Applicable
directors (in case of appointment of
a director)
IDFC FIRST Bank Limited
Corporate Office: IDFC FIRST Bank Tower, (The Square), C-61, G Block, Bandra-Kurla Complex, Bandra (East), Mumbai - 400 051, Maharashtra. Tel: +91 22 7132 5500
Registered Office: KRM Tower, 7th Floor, No. 1, Harrington Road, Chetpet, Chennai 600 031, Tamil Nadu. Tel: +91 44 4571 6477
CIN: L65110TN2014PLC097792 | E-mail: bank.info@idfcfirstbank.com; | Website: www.idfcfirst.bank.in