The Nomination & Remuneration Committee and the Board of Directors of IDFC First Bank Limited at their respective meetings held on December 06, 2023 has accepted the resignation of Mr. Madhivanan Balakrishnan as Executive Director and shall relieve him from his duties in the capacity of Executive Director with immediate effect from the close of business hours on December 06, 2023. He continues to serve the Bank for necessary handovers until December 15, 2023.