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Vaidyanathan Congratulates Former ICICI Bank Colleagues on New Leadership Roles

V Vaidyanathan, IDFC First Bank
V Vaidyanathan is managing director and chief executive of IDFC First Bank, formed in 2018 when IDFC Bank merged with Capital First. He had founded Capital First, a non-banking lender, after earlier working at ICICI, where he was part of the team that built its retail finance business. His journey from ICICI executive to entrepreneur to bank chief is a different kind of success from the usual route of simply moving to a rival lender.

CNBC TV18•03-10-2026, 21:46

•Vaidyanathan V, MD and CEO of IDFC FIRST Bank, congratulated Anup Bagchi and Anup Saha on their recent leadership appointments.
•Bagchi, described as "conceptually and technically very strong," worked with Vaidyanathan from 2002 to 2006, setting up the retail liability business.
•Saha, noted for being "intelligent, hard-working, and very number-driven," joined ICICI Bank in 2003 and later moved to collections and other asset businesses.
•Anup Bagchi has been appointed as the new Managing Director and CEO of HDFC Bank, with RBI approval for a three-year term.
•Anup Kumar Saha received RBI approval to become the next MD & CEO of Kotak Mahindra Bank Ltd., effective January 1, 2027, for three years.

Read Full Article on CNBC TV18 in English

Key Questions Answered

Anup Bagchi was appointed as the new Managing Director and CEO of HDFC Bank following RBI approval. Additionally, the Reserve Bank of India approved Anup Kumar Saha to become the next MD and CEO of Kotak Mahindra Bank starting January 1, 2027.

Vaidyanathan praised Anup Bagchi as conceptually and technically very strong, methodical, and measured, while describing Anup Saha as intelligent, hard-working, and very number-driven.

Anup Kumar Saha will replace outgoing MD and CEO Ashok Vaswani to take over as the MD and CEO of Kotak Mahindra Bank starting January 1, 2027, for a three-year term.