Former RBI Deputy Governor Anand Sinha was on 6 August 2016 appointed to the Board of IDFC Bank. Sinha will join Bank as an Additional Director in the category of Independent Director on the board with effect from 1 August 2016.
His appointment came after Vinod Rai resigned after serving on the board for a year. Rai is a former Comptroller and Auditor General of India who served as a Nominee Director representing IDFC Limited on the board of IDFC Bank.
However, Rai will still continue to be non-executive independent chairman of IDFC Limited.
About Anand Sinha
• Sinha, in his earlier appointment with the Central Bank, was overseeing the final licence to new universal banks that included IDFC Bank and Bandhan Bank.
• In his role as the Deputy Governor of RBI, he was in-charge of regulation of commercial banks, Non-Banking Financial Companies, Urban Cooperative Banks and Information Technology, among others.
• He was also the RBI's Nominee Director on the boards of Dena Bank, Allahabad Bank, Bank of Baroda, Indian Overseas Bank, Deposit Insurance and Credit Guarantee Corporation etc.
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