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Former RBI Deputy Governor Anand Sinha appointed to the IDFC Bank board

Sinha will join Bank as an Additional Director in the category of Independent Director on the board with effect from 1 August 2016.

Aug 9, 2016 16:00 IST
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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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