IDFC FIRST Bank's CEO gifts 5,00,000 shares to family of a deceased colleague

IDFC FIRST Bank's MD and CEO V Vaidyanathan has gifted 5,00,000 shares of the bank to family members of a deceased colleague. The deceased colleague was "closely known" to Vaidyanathan and the shares have been gifted to back the family's education and financial security, the bank said. Earlier, Vaidyanathan gifted shares to five people including his driver and househelp.