Pradeep Natarajan: Director of IDFC FIRST Bank

  • 18 May 2024

On 16th May, 2024, RBI approved the appointment of Pradeep Natarajan as Whole Time Director on the Board of IDFC FIRST Bank.

  • Natarajan is designated as Executive Director of the bank for a three-year term.
  • The bank will undertake necessary formalities to complete Natarajan's appointment as Executive Director.
  • The appointment is subject to shareholder approval.
  • IDFC FIRST Bank reported a net profit of Rs 724 crore for the fourth quarter ended March 2024.
  • Gross NPAs reduced to 1.88% of gross advances as of March 31, 2024, from 2.51% in March 2023.
  • Net NPAs decreased to 0.60% of advances from 0.86% at the end of 2024.