The MD & CEO of IDFC First bank is V.Vaidyanathan.

 The MD & CEO of IDFC First bank is V.Vaidyanathan.  

Born in Chennai,  

he studied at Birla Institute of Technology (Mesra).

The story goes that when he got the admission into BITS, 

he did not have the money to travel there to appear for the interview and complete the counselling formalities.  

Mr. Gurdial Saini, his then maths teacher lent him Rs.500 to travel for the interview.

Vaidyanathan  studied at BITS, Mesra and did well in his professional life.

Vaidyanathan searched for him to repay but Mr.Saini had moved jobs.

Many years later, with the help of a former colleague, 

he got to know that Mr.Saini is in Agra, 

called him up, expressed his gratitude for the timely help.

Last week, IDFC FIRST Bank made a regulatory filing  to the stock exchanges.

The notice reads :

"Pursuant to Regulation 30 of the SEBI Listing Regulations read with Regulation 7(2) and 6(2) of the SEBI Insider Trading Regulations,  

we wish to inform you that  

Mr. V. Vaidyanathan has transferred 1,00,000 fully paid-up equity shares of IDFC FIRST Bank Limited held by him in his personal capacity  

to his former school teacher,  

Mr. Gurdial Saroop Saini,  

as a gift,  

without any consideration as a token of gratitude for his teacher's help to him at an earlier stage of his life.