IDFC’s chairman Rajiv Lall tenders resignation from chairmanship

IDFC’s part-time non-executive chairman Mr. Rajiv Lall has tendered his resignation with immediate effect on Friday this week . Mr. Lall cited prolonged personal health issues as the reason for resignation. A veteran economist for 30 years, Lall was the founder MD of the erstwhile IDFC Bank. Previously, he was the Executive Chairman of IDFC Limited. Mr. Lall in his communication further mentioned that in view of his prolonged health issues the bank had thought through a succession plan for the role that he is vacating. The new appointment is subject to RBI approval and will facilitate a smooth transition. The bank also added that he expressed that he is leaving the Bank in capable hands and has been privileged to serve this wonderful institution.

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