IDFC FIRST Bank Limited received an intimation vide letter dated September 04, 2020 from Dr. Rajiv B. Lall wherein he has tendered his resignation as Part-Time Non-Executive Chairman from the Board of the Bank with immediate effect citing that he has been dealing with his prolonged personal health issues for a while now. Dr. Rajiv B. Lall in his communication further mentioned that in view of his prolonged health issues the Bank had thought through a succession plan for the position of Part-Time Non-Executive Chairman of the Bank in the past, subject to RBI approval, which will now facilitate a smooth transition. He also expressed that he is leaving the Bank in capable hands and has been privileged to serve this wonderful institution.