IDFC First Bank CTO Hardik Thaker appointed
IDFC First Bank (IDFCFIRSTB) said Hardik Thaker, CTO, has been appointed; and Nitin Chauhan as has resigned. The company is valued at about ₹62,084 crore.
What happened
IDFC First Bank (IDFCFIRSTB) told the exchanges on 30 October 2026 at 07:03 PM that Hardik Thaker, CTO, has been appointed; and Nitin Chauhan as has resigned.
From the filing: "Hardik Thaker as the Chief Information Security Officer of the Bank ("CISO") and designated him as Senior Management Personnel ("SMP"), with effect from October 30, 2026, consequent to the resignation of Mr."
Company snapshot
IDFC First Bank is a mid-cap company in the Financial Services sector, with a market value of about ₹62,084 crore.
The stock last traded at ₹72, against a 52-week range of ₹58.08–₹89.61 (19.6% below the high).
Before this filing the shares had moved −7.7% over the month and −13.3% over three months. Average daily turnover over the last 20 sessions was about ₹123 crore.
Promoters held 0.00% at the end of Q2 FY27. Foreign institutions owned 36.66% and domestic institutions 25.42%.
| Quarter | Revenue | Net profit | EPS (₹) |
|---|---|---|---|
| Q2 FY26 | 11,828 | 347.8 | 0.35 |
| Q3 FY26 | 12,542 | 478.7 | 0.54 |
| Q4 FY26 | 12,183 | 330.6 | 0.38 |
| Q1 FY27 | 13,361 | 1,147.8 | 1.33 |
| Q2 FY27 | 14,228 | 1,049.2 | 1.22 |
What history shows
BCEIE's records show 4 previous management change filings from the company since May 2026.
After those filings, the stock fell 0.2% on average the next trading day and was down 1.6% on average after five days (3 filings with price data).
Across 300 similar disclosures by other Financial Services companies, shares moved −0.3% on average the next day and −0.9% over five days; 48% of them rose the next day.
Market-wide, 4,059 management change filings with an impact score of 50 or more saw an average next-day move of −0.1%, with 44% rising.
Past reactions describe what happened before; they are not a forecast.
| Date | Filing | Next day | 5 days |
|---|---|---|---|
| 24 Oct 2026 | Please refer the enclosed disclosure. | −1.3% | — |
| 22 Sept 2026 | Appointment of Senior Management Personnel. | −1.9% | −4.6% |
| 12 Aug 2026 | Resignation of Director/KMP/SMP | +2.7% | +1.4% |
What to watch
- The appointment of a successor and any change in strategy or guidance.
In the news
Recent coverage elsewhere (links open the original publisher):
- IDFC First Bank Q2 net profit jumps nearly three-fold to Rs 1,044.6 crore
- IDFC FIRST Bank Goes Live On ICEGATE 2.0 Portal
- IDFC First Bank Q2 PAT rises 197% to ₹1,045 crore on lower provisions
- IDFC First Bank Q2 Results: Net Profit Jumps Multifold To Rs 1,045 Crore, NII Up 21%
- IDFC First Bank Q2 FY27 Results on Oct 24: Can It Repeat Last Quarter’s Record Rs1,075 Crore Profit?
Source
Automatically written from the exchange filing and BCEIE data. Not investment advice. Check the original filing before acting on it.