Madhi has resigned from the bank, citing personal reasons and the pursuit of growth, without indicating any issues at IDFC First Bank. However, this raises a pertinent question: What would happen if, one fine morning, Mr. Vaidya decides to step down as CEO and depart from the bank? Does this absence of key figures pose a significant risk to the bank? Who are the other leaders capable of stepping into Madhi’s shoes, and if necessary, Vaidya’s as well?
The resignation letter hints at Madhi’s reasons without suggesting any internal problems. Yet, it prompts consideration about succession and contingency plans, especially in the event of potential future departures within the bank’s leadership.
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