IDFC First Bank Limited announced that on the basis of recommendation of the Nomination & Remuneration Committee, the Board of Directors of the Bank approved the appointment of Mr. Neerav Maniar as the Chief Compliance Officer of the Bank, forming part of the Senior Management of the Bank. Mr. Neerav Maniar has joined the Bank with effect from August 21, 2023. Appointment for a minimum period of 3 years, where Mr. Maniar will be in full-time employment with the Bank.

Mr. Neerav Maniar is a first attempt Chartered Accountant - 1999 and has an overall experience of 24 years with 21 years across various roles in the financial industry. With strong exposure to Compliance in banking industry complemented by sound experience in Operations through process reviews and financial audits, he has demonstrated versatility to quickly transition across different functions such as Compliance Advisory, Transaction Processing and Financial Accounts. In his previous assignment with Axis Bank, Mr. Maniar was serving as the Compliance Group Head for the Retail Banking division.

Prior to Axis Bank, he has worked with Citibank N. A for 15 years and his last stint in Citibank was as Compliance Head for Consumer Banking business handling compliance advisory for Retail Loans, Credit Cards, Wealth Management, Retail Liabilities, Payment Products and Non-Resident banking. Mr. Maniar has an excellent understanding of the Indian banking industry and has engaged with varied stakeholders across functions and has deep understanding and expertise of the compliance function.