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After a decade-long stint at ICICI, Vaidyanathan acquired a stake in an existing listed non-bank financial institution and guided it through a transformation into Capital First, ultimately merging it with IDFC Bank to form IDFC First Bank in 2018. [4] [5] In 2022, he was awarded the Ernst & Young Entrepreneur of the Year Award. [6]
In 2010, V. Vaidyanathan, then MD and CEO of ICICI Prudential Life, was appointed as the vice-chairman and MD of Future Capital Holdings. Vaidyanathan obtained a 10% stake in the company as part of the deal. [11] [12] The company later exited legacy businesses of forex, wealth, and broking, and reduced wholesale lending sharply. [13]
[18] 139 shares of IDFC Bank were issued for every 10 shares of Capital First as part of the merger share swap. [19] The merger completed in December 2018, with IDFC Bank changing its name to IDFC First Bank. [20] [21] Vaidyanathan took over as the MD and CEO of the merged entity. The Reserve Bank of India approved his appointment for a period ...
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In 2008–09, the company acquired 100% of the share capital of IDFC Capital (Singapore) Pvt Ltd. In the same year, the company established IDFC Foundation to focus on capacity building, policy advisory and sustainability initiatives. [9] IDFC Bank started operating banking services on 1 October 2015. [10]
Prior to joining NSE, Limaye was the managing director and CEO of IDFC, a diversified financial services conglomerate. He has contributed to various committees of government and industry associations, on a range of topics surrounding infrastructure, economic policy, markets, trade, minority affairs etc.
Having graduated with a BSc from the University of London, he joined the Ceylon Civil Service and served as a cadet in the Ratnapura Kachcheri in 1925. [1] He went on to serve as the Information Officer of the Ceylon Government during World War 2 in the early 1940s [2] and from 1943 he was served as the Commissioner for Food (Supplies) of the Deptpartment of Ceylon Government Supplies in New ...
Unified Payments Interface (UPI) is an Indian instant payment system as well as protocol developed by the National Payments Corporation of India (NPCI) in 2016. The interface facilitates inter-bank peer-to-peer (P2P) and person-to-merchant (P2M) transactions.