IDFC First Bank: ESOP Grant & Management Change

IDFC First Bank's board approved the grant of 35,000,000 equity stock options to eligible employees as part of its FY26 annual reward strategy. The options will vest equally over four years, with a three-year exercise period. Additionally, Pankaj Singh was appointed as Chief Human Resources Officer (CHRO), effective April 27, 2026, succeeding Adrian Andrade, who will transition to strategic projects. The decisions were based on the Nomination & Remuneration Committee's recommendations.