Newly launched private sector IDFC Bank has appointed internet company Google's Rajan Anandan as an independent director on the bank's board, subject to Reserve Bank of India (RBI) and shareholder approval.
Anandan's appointment expands the board to nine directors, seven of whom are independent directors.
"Rajan brings to the bank a valuable perspective on the virtual world and energizes our ability to innovate. His appointment not only strengthens our board's breadth of expertise, it also adds depth to our understanding of the digital space," Rajiv Lall, MD & CEO, IDFC Bank said.
Anandan who holds a BSc degree from Massachusetts Institute of Technology (MIT) and an MSc from Stanford University, has been with Google since 2011.
Prior to Google, Anandan was the Managing Director of Microsoft India and built India's largest software business. Before joining Microsoft, he was a Vice President with Dell where he held several global leadership roles including that of the Executive Assistant to Chairman Michael Dell. Before Dell, Anandan was a Partner with McKinsey & Company in Chicago.
"Anandan's guidance will be useful as IDFC Bank is set to offer a service proposition that is anchored in technology," the bank said. IDFC Bank started operations on October 1, 2015, with 23 branches across India, after receiving the RBI nod last year.
