IDFC Bank’s Board announced the appointment of Rajan Anandan, Vice-President and Managing Director of Google South East Asia and India, as Independent Director of the Bank.
“This is subject to the approval of the Reserve Bank of India and the shareholders of IDFC Bank. Rajan Anandan’s appointment expands the Board to nine Directors, seven of whom are Independent Directors,” IDFC Bank said in a statement.
Rajan joined Google in early 2011 to lead Google's business in India. His career includes leadership roles at Microsoft India, Dell and McKinsey & Company.
Rajiv Lall, Managing Director & CEO, IDFC Bank, said, “He (Rajan) brings to the Bank a valuable perspective on the virtual world and energizes our ability to innovate. His appointment not only strengthens our Board’s breadth of expertise, it also adds depth to our understanding of the digital space.”
IDFC Bank started operations on October 1, 2015, with 23 branches across India, 15 of which are spread across three districts of Madhya Pradesh. It was formally inaugurated on October 19, 2015 and its business units include Bharat Banking, Personal and Business Banking and Commercial and Wholesale Banking.