Vaidyanathan had also previously donated his shares to staff members, including his trainer, domestic worker and driver, to help them buy houses.

IDFC First Bank MD and CEO V Vaidyanathan has donated 5 lakh shares of the bank he owns to relatives of a deceased colleague, according to a legal filing.

Vaidyanathan had also previously donated his shares to staff members, including his trainer, domestic worker and driver, to help them buy houses.

“V. Vaidyanathan, Managing Director & CEO, has donated 5,000,000 shares of IDFC FIRST Bank held by him to certain relatives of a deceased colleague who knew him well for a long time, in support of their education and for their financial security,” said the bank Thursday in a regulatory filing.


This post IDFC First Bank MD & CEO donates 5 lakh shares to relatives of deceased colleague was original published at “https://www.financialexpress.com/market/idfc-first-bank-md-ceo-gifts-5-lakh-shares-to-kin-of-deceased-colleague/2464322/”

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