IDFC First Bank Management

Management criteria checks 4/4

IDFC First Bank's CEO is Vembu Vaidyanathan, appointed in Dec 2018, has a tenure of 5.42 years. directly owns 0.91% of the company’s shares, worth ₹5.21B. The average tenure of the management team and the board of directors is 4.8 years and 5.4 years respectively.

Key information

Vembu Vaidyanathan

Chief executive officer

₹44.6m

Total compensation

CEO salary percentage	n/a
CEO tenure	5.4yrs
CEO ownership	0.9%
Management average tenure	4.8yrs
Board average tenure	5.4yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Vembu Vaidyanathan's remuneration changed compared to IDFC First Bank's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	₹29b
Dec 31 2023	n/a	n/a	₹30b
Sep 30 2023	n/a	n/a	₹29b
Jun 30 2023	n/a	n/a	₹27b
Mar 31 2023	₹45m	n/a	₹25b
Dec 31 2022	n/a	n/a	₹20b
Sep 30 2022	n/a	n/a	₹17b
Jun 30 2022	n/a	n/a	₹12b
Mar 31 2022	₹44m	₹44m	₹1b
Dec 31 2021	n/a	n/a	-₹831m
Sep 30 2021	n/a	n/a	-₹2b
Jun 30 2021	n/a	n/a	-₹2b
Mar 31 2021	₹62m	₹48m	₹5b
Dec 31 2020	n/a	n/a	₹4b
Sep 30 2020	n/a	n/a	-₹13b
Jun 30 2020	n/a	n/a	-₹21b
Mar 31 2020	₹87m	₹58m	-₹28b
Dec 31 2019	n/a	n/a	-₹31b
Sep 30 2019	n/a	n/a	-₹30b
Jun 30 2019	n/a	n/a	-₹27b
Mar 31 2019	₹17m	₹15m	-₹19b

Compensation vs Market: Vembu's total compensation ($USD534.55K) is about average for companies of similar size in the Indian market ($USD572.86K).

Compensation vs Earnings: Vembu's compensation has been consistent with company performance over the past year.

CEO

Vembu Vaidyanathan (55 yo)

5.4yrs

Tenure

₹44,564,448

Compensation

Mr. Vembu Vaidyanathan, MBA, AMP (HBS), has been the Managing Director, Chief Executive Officer and Director at IDFC First Bank Ltd. (formerly IDFC Bank Ltd.) since December 19, 2018. Mr. Vaidyanathan form...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Vembu Vaidyanathan	MD, CEO & Director	5.4yrs	₹44.56m	0.91% ₹ 5.2b
Sudhanshu Jain	CFO & Head of Corporate Centre	4.2yrs	₹15.56m	no data
Saptarshi Bapari	Head of Investor Relations	no data	no data	no data
Satish Gaikwad	Head of Legal & Company Secretary	5.4yrs	₹8.08m	no data
Neerav Maniar	Chief Compliance Officer	less than a year	no data	no data
Adrian Andrade	Chief Human Resources Officer and Head of Communications & Human Resources	no data	no data	no data
Naarayan T. V	Chief Marketing Officer	2.4yrs	no data	no data
Ravi Prasad	Head of Bharat Banking	no data	no data	no data
Amit Kumar	Head of Retail Liabilities & Branch Banking	no data	no data	no data
Pradeep Natarajan	Head of Retail Assets	no data	no data	no data
Suketu Kapadia	Chief Internal Officer	no data	no data	no data
Nihal Desai	Head of Technology Ops	5.4yrs	no data	no data

4.8yrs

Average Tenure

Experienced Management: 539437's management team is considered experienced (4.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Vembu Vaidyanathan	MD, CEO & Director	5.4yrs	₹44.56m	0.91% ₹ 5.2b
Vishal Mahadevia	Non-Executive Non-Independent Director	5.4yrs	no data	no data
Pravir Vohra	Independent Director	5.8yrs	₹4.45m	0.010% ₹ 57.5m
Sanjeeb Chaudhuri	Independent Part-Time Chairman	5yrs	₹5.13m	0.00030% ₹ 1.7m
Mahendra Shah	Non-Executive Non-Independent Director	1.3yrs	₹13.70m	no data
Aashish Kamat	Independent Director	5.4yrs	₹3.78m	0.00051% ₹ 2.9m
S. Kumar	Non-Executive Independent Director	3.1yrs	₹4.38m	no data
Jaimini Bhagwati	Additional Non-Executive & Non-Independent Director	2.3yrs	₹2.73m	no data
Brinda Jagirdar	Independent Director	5.4yrs	₹4.75m	no data

5.4yrs

Average Tenure

66yo

Average Age

Experienced Board: 539437's board of directors are considered experienced (5.4 years average tenure).

IDFC First Bank Management

Management criteria checks 4/4

Key information

Recent management updates

Insider recently sold ₹14m worth of stock

IDFC First Bank Limited Announces Resignation of Ajay Sondhi as Non-Executive Non-Independent Director

IDFC First Bank Limited Appoints Neerav Maniar as the Chief Compliance Officer

Insider recently sold ₹49m worth of stock

Insider recently sold ₹26m worth of stock

IDFC First Bank Limited, Annual General Meeting, Aug 31, 2023

Recent updates

Full year 2024 earnings released: EPS: ₹4.30 (vs ₹3.99 in FY 2023)

Warburg Pincus Reportedly to Sell Entire 2.3% Stake in IDFC First Bank via Block Deals

IDFC First Bank Limited to Report Q4, 2024 Results on Apr 27, 2024

Third quarter 2024 earnings released: EPS: ₹1.04 (vs ₹0.99 in 3Q 2023)

IDFC First Bank Limited to Report Q3, 2024 Results on Jan 20, 2024

Warburg Pincus Reportedly Plans to Sell $100 Million Worth Stake in IDFC First Bank via Block Deal

Second quarter 2024 earnings released: EPS: ₹1.12 (vs ₹0.91 in 2Q 2023)

IDFC First Bank Limited to Report Q2, 2024 Results on Oct 28, 2023

Price target increased by 7.0% to ₹87.23

Insider recently sold ₹14m worth of stock

IDFC First Bank Limited Announces Resignation of Ajay Sondhi as Non-Executive Non-Independent Director

IDFC First Bank Limited Appoints Neerav Maniar as the Chief Compliance Officer

Insider recently sold ₹49m worth of stock

Insider recently sold ₹26m worth of stock

IDFC First Bank Limited, Annual General Meeting, Aug 31, 2023

Price target increased by 10% to ₹78.00

First quarter 2024 earnings released: EPS: ₹1.10 (vs ₹0.78 in 1Q 2023)

Price target increased by 7.5% to ₹65.90

Full year 2023 earnings released: EPS: ₹3.98 (vs ₹0.21 in FY 2022)

Price target increased by 7.2% to ₹59.18

Third quarter 2023 earnings released: EPS: ₹0.99 (vs ₹0.47 in 3Q 2022)

IDFC First Bank Limited to Report Q3, 2023 Results on Jan 21, 2023

Investor sentiment deteriorated over the past week

Price target increased to ₹53.27

Second quarter 2023 earnings released: EPS: ₹0.91 (vs ₹0.18 in 2Q 2022)

Price target increased to ₹49.18

Insider recently bought ₹2.4m worth of stock

IDFC First Bank Limited to Report Q2, 2023 Results on Oct 22, 2022

Insider recently bought ₹1.1m worth of stock

Investor sentiment improved over the past week

Full year 2022 earnings released: EPS: ₹0.21 (vs ₹0.88 in FY 2021)

IDFC First Bank Limited, Annual General Meeting, Aug 05, 2022

IDFC First Bank Limited to Report Q1, 2023 Results on Jul 30, 2022

Price target decreased to ₹46.44

Full year 2022 earnings released: EPS: ₹0.21 (vs ₹0.88 in FY 2021)

Bandhan Financial Holdings Ltd., General Insurance Corporation of India (BSE:540755) and ChrysCapital agreed to acquire IDFC Asset Management Company Limited/IDFC AMC Trustee Company Limited from IDFC First Bank Limited (BSE:539437) for INR 45,000 million.

IDFC Ltd, IDFC First Bank Merger Reportedly May Get Pushed to FY24

IDFC First Bank Limited Announces Appointment of Jaimini Bhagwati as Additional Director

IDFC First Bank Limited Announces Appointment of Jaimini Bhagwati as Additional Director

IDFC First Bank Limited Announces Executive Changes

Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations

Price target increased to ₹50.80

Insider recently sold ₹1.0m worth of stock

Second quarter 2022 earnings released: EPS ₹0.18 (vs ₹0.19 in 2Q 2021)

Insider recently sold ₹3.0m worth of stock

First quarter 2022 earnings released: ₹1.01 loss per share (vs ₹0.20 profit in 1Q 2021)

Non-Executive Non-Independent Director Sunil Kakar has left the company

Price target increased to ₹48.50

Non-Executive Non-Independent Director recently sold ₹2.9m worth of stock

Chief Risk Officer recently sold ₹18m worth of stock

Price target increased to ₹41.70

Full year 2021 earnings released: EPS ₹0.88 (vs ₹5.94 loss in FY 2020)

Price target increased to ₹40.00

Non-Executive Non-Independent Director has left the company

Insider recently sold ₹4.1m worth of stock

Investor sentiment improved over the past week

New 90-day high: ₹54.10

Chief Compliance Officer recently sold ₹3.8m worth of stock

Price target raised to ₹36.78

Independent Director has left the company

IDFC First Bank Limited Announces Cessation of Anand Sinha, Non-Executive Independent Director

Third quarter 2021 earnings released: EPS ₹0.24 (vs ₹3.41 loss in 3Q 2020)

Price target raised to ₹31.20

Insider recently sold ₹3.6m worth of stock

New 90-day high: ₹39.70

IDFC First Bank Limited to Report Q3, 2021 Results on Jan 30, 2021

New 90-day high: ₹38.65

Price target raised to ₹28.78

Insider recently sold ₹4.8m worth of stock