It was only earlier this month, the financial institution made a regulatory submitting to the inventory exchanges. And as per the official discover addressed to Saini, Vaidyanathan has transferred his one lakh fairness shares to the former school teacher. The Facebook post said, "Pursuant to Regulation 30 of the SEBI Listing Regulations read with Regulation 7(2) and 6(2) of the SEBI Insider Trading Regulations, we wish to inform you that Mr. V. Vaidyanathan has transferred 1,00,000 fully paid-up equity shares of IDFC FIRST Bank Limited held by him in his personal capacity to his former school teacher, Mr. Gurdial Saroop Saini, as a gift, without any consideration as a token of gratitude for his teacher's help to him at an earlier stage in his life".