On 10 May 2019IDFC First Bank announced that the Board of Directors in their meeting held on 10 May 2019 have approved the re-reappointment of Anand Sinha as an Independent Director for second term of 4 consecutive years with effect from 01 August 2019. ii) Based on the recommendation of the Nomination & Remuneration Committee, the Board approved the appointment of Sanjeeb Chaudhuri as an Independent Director for a period of 4 years with effect from 10 May 2019, subject to approval of the shareholders of the Bank and other applicable statutory/regulatory approvals. iii) The Board approved nabling resolution relating to issue of Debt Securities up to an amount not exceeding Rs 5000 crore placement basis for a period of one year from the conclusion of 5th AGM of the Bank, within the overall borrowing limits of the Bank, subject to approval of the shareholders of the Bank and other applicable statutory/regulatory approvals. iv) The Board approved increase in ESOP Pool from 6% to 8% of the issued and paid up share capital of the Bank and modification of exercise period to the extent that stock options granted shall be capable of being exercised within a period of 3 years from the date of vesting of the respective employee stock options or such other period s may be determined by the Nomination and Remuneration Committee and approved subsequent modification of 'IDFC FIRST BANK ESOS - 2015' Scheme, subject to approval of the shareholders of the Bank.
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