Mumbai, December 11, 2015: The Board of Directors of IDFC Bank today 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.
Welcoming Rajan Anandan to the Board, Dr. Rajiv Lall, Managing Director & CEO, IDFC Bank, said, “We are delighted that Rajan has accepted to serve as Director on the board of IDFC Bank. He 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.”
Rajan Anandan is the Vice President and Managing Director of Google South East Asia and India and is responsible for Sales and Operations in the region. Rajan is focused on expanding the Internet ecosystem in the region, increasing adoption among consumers and businesses and accelerating innovation. South East Asia and India, with over two billion consumers and 500 million Internet users, is the fastest growing Internet user base in the world.
Rajan joined Google in early 2011 to lead Google’s business in India. His career includes leadership roles at Microsoft, Dell and McKinsey & Company.
Prior to Google, Rajan was the Managing Director of Microsoft India and built India’s largest software business. Before joining Microsoft, he was a Vice President with Dell where he held several global leadership roles including that of the Executive Assistant to Chairman Michael Dell. Before Dell, Rajan was a Partner with McKinsey & Company in Chicago. He holds an MSc from Stanford University and a BSc from MIT.
Anandan’s guidance will be useful as IDFC Bank is set to offer a service proposition that is anchored in technology.
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, by Prime Minister Shri Narendra Modi in New Delhi. The Bank’s business units include Bharat Banking, Personal and Business Banking and Commercial and Wholesale Banking.
About IDFC Bank:
IDFC Bank (BSE: 539437, NSE: IDFCBANK) is a subsidiary of India’s leading integrated infrastructure finance company, IDFC Ltd (BSE: 532659, NSE: IDFC). Headquartered in Mumbai, IDFC Bank is a universal bank, offering financial solutions through its nationwide branches, internet (www.idfcbank.com) and mobile. Envisioned as a new age bank, IDFC Bank seeks to set a new standard in customer experience, using technology and a service-oriented approach, to make banking simple and accessible, anytime and from anywhere. In keeping with IDFC’s legacy of building the nation, IDFC Bank will focus on serving the rural underserved communities and the self-employed, while continuing to support the country’s infrastructure sector. IDFC Bank provides customized financial solutions to corporates, individuals, small and micro-enterprises, entrepreneurs, financial institutions and the government. With best-in-class corporate governance, rigorous risk management, experienced management and a diversified team, IDFC Bank is uniquely positioned to meet the aspirations of its customers and stakeholders.
For further information:
Visit — www.idfcbank.com
Twitter — @IDFC_Bank