IDFC First Bank managing director and CEO V Vaidyanathan has gifted 5 lakh shares of the bank held by him to family members of a deceased colleague. The value of the shares as per current price is over Rs 2.1 crore.

Last month, Vaidyanathan had gifted 9 lakh shares, worth over Rs 3.95 crore, to five staff members, including his trainer, househelp and driver, to help them purchase homes. 

“V Vaidyanathan, Managing Director & CEO, has gifted 5,00,000 equity shares of IDFC First Bank held by him to certain family members of a deceased colleague who was closely known to him for a long time, towards backing their education and for their financial security,” the bank said in a regulatory filing on Thursday.