The bank further said "these speculative observations seem to have been circulated with the malafide intention of misleading investors and the general public".
"...there has been speculation in a section of social media with respect to a change in leadership at IDFC Bank. We would like to clarify that these reports and market speculation stemming from it, pertaining to a change in leadership, are false," it said in a regulatory filing.
"The Board of IDFC Bank Limited is completely aligned with the strategic direction set by Rajiv Lall, Founder Managing Director & CEO, and the business plans spearheaded by him and his executive team," the filing further said.