IDFC Bank has promoted Sunil Kakar, CFO, as MD and CEO of parent company IDFC. Kakar will take charge in July and will have a 3-year term. He has also been appointed an additional director on the board of the company. He replaces Vikram Limaye who is set to join National Stock Exchange as its new MD and CEO. Kakar joined IDFC as group CFO and was responsible for finance and accounts, business planning and budgeting and investor relations, among others. He was earlier with Max New York Life Insurance Company as CFO. He has also worked with Bank of America for 18 years in various roles. Vikram Limaye will resign from the Committee of Administrators (COA) for BCCI on July 14 when the Supreme Court reopens.
